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.
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 |
