Earnings tax return submitting: A step-by-step information to file ITR on-line

The deadline for submitting your revenue tax returns (ITRs) is 31 July. By now, most of you need to have obtained the Kind-16. Consultants are advising particular person taxpayers to keep away from the last-minute rush and begin submitting their ITRs quickly. which may result in errors.

The best way to file ITR?

You’ve gotten the choice of getting your ITR filed by way of intermediaries reminiscent of e-filing portals and apps, or chartered accountants. In case you are submitting it by yourself, most of you would want to file it on-line on the revenue tax division’s web site. 

Earnings tax return submitting: Necessary paperwork wanted

Although the e-filing portal has pre-filled ITR types, some incomes, reminiscent of capital features, should be manually stuffed. These are a number of the essential paperwork you need to preserve useful whereas submitting ITR.

-Kind 16

-Kind 16A

-Kind 26AS

-Capital features statements

-Tax saving funding proof

Step-by-step information to submitting ITR

-Go to the Earnings Tax e-Submitting portal.

-Log in by getting into your consumer ID (PAN), Password, and Captcha code.

-Click on on the ‘e-File’ menu and click on the ‘Earnings Tax Return’ hyperlink.

-Select the suitable Earnings Tax Return (ITR) kind based mostly in your revenue and different components. When you have Kind 16, you should use both ITR-1 or ITR-2.

-After that, select the evaluation 12 months (AY) for which you wish to file the ITR.  You need to select the evaluation 12 months 2023-24.

-Validate all the information entered within the kind, and submit.

-After submitting your return, e-verify it utilizing any of the out there choices reminiscent of Aadhaar OTP, and so on.

-Add, e-verify return

The final step is to re-check all of your particulars and add the shape. Nonetheless, your job just isn’t full till you confirm your return.

ITR submitting deadline

The ITR submitting due date for FY 2022-23 (AY 2023-24) is thirty first July 2023.


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Up to date: 20 Jun 2023, 02:50 PM IST