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Wednesday, May 30, 2007

 

E-Filing of Income Tax Returns

In a step towards e-governance, Income tax department of India has launched e-filing of Income tax returns. Government has also permitted corporates to issue digitally signed Form-16 to its employees. So, this year you need not attach your Form-16 and stand in a large queue to file your returns. Also, it is said that e-filing will enable you claim your refund more easily and quickly. There are different ways to e-file your return. But, I feel PDF is the best way to do the same as it is difficult for layman to understand XML files etc..



More details can be found here.



For simplicity, I am posting the steps for e-filing.



Download Return Preparation Software
Fill your return offline and generate a XML/PDF file.
Register and create an user id/password
Login and click on relevant form on left panel and select "Submit Your Returns"
Browse to select XML file and click on "Upload" button. In case of PDF simply fill the fields and submit.
On successful upload acknowledgement details would be displayed. Click on "Print" to generate printout of acknowledgement
Incase the return is digitally signed, then the "Provisional Acknowledgement" number is the final acknowledgement number. Take printout of the return for your records
Incase the return is not digitally signed, take a printout of the return and file it with the Income Tax Department along with the printout of the acknowledgement
For any assistance in filing the paper copy of the return please contact the Public Relations Officer of the local Income Tax Office

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