Hi my dear avid readers! It’s good to hear from you and it’s my pleasure to do your requests as long as I’m able. Just lately, my email got flooded with questions from you: what an e-tax is and how to go about it. So, with all my heart’s content and with so much joy to serve you, and give your requests, I’m writing the details about e-tax or is E-Filing of returns. Enjoy reading my friends!
What is E-Filing of returns?
For sure you got pissed off and even hassled with the long lines in filing an income tax return. Well, that those days are now over. Thanks to the E-Filing of Income tax return. You might wonder what this thing is. Well, E-Filing of tax returns means simply as filing your income tax return via the internet electronically. This is very convenient, easy to do and a simple task that you can accomplish. e-Payment facilitates payment of direct taxes online by taxpayers. To avail of this facility the taxpayer is required to have a net-banking account with any of the Authorized Banks. Indian reader please read instruction from NSDL for more detail.
These are the steps then that you should follow in filing an online income tax return:
1. Examine and carefully identify the necessary formswhich are suitable for you as an individual person. If you are confused on which form you need to fill, details are available on the website. If you need help regarding which form to use, then check the website which is very much user-friendly and informative.
2. The next step is to download the return document and preparation software for your needed form from your computer. Be sure that you identify the correct form.
3. Read and carefully answer or fill-up the downloaded income tax return form. Double check or verify the said document for its correctness through the tools available in the website and then you make an XML file.
4. You should come up then with a a user id and password in your Income tax of India website
5. Next thing to do is to log in to the website by typing your user name and password in the sign in box.
6. Finally, you should then upload the XML file into the web page. After which, the successful upload takes place and the acknowledgment details will be displayed. You should now print the same document, check its correctness and then sign it using a pen manually. You should then send it via ordinary post within 30 days from the moment you filed the document to the office of Income Tax Bangalore. However, if you have a soft copy or digital specimen of your signature, then you may add that digital signature and then turn over yours aide-return. Soon, a gratitude note follows which signals the end of your e-filing process. Keep then the acknowledged document for your records and future transactions.
If in case you need to pay your tax,you may also do an e-payment via the Income Tax website. Likewise, you can also do it through your net banking account or with any of those authorized banks. An acknowledgment receipt which can be printed will come out afterward.
Here is some FAQ from https://incometaxindiaefiling.gov.in
Best Reading:
In conclusion, E-Filing of your income tax return is something that you yourself should try due to its advantages namely: flexibility & convenience which in effect will truly save precious time for you; great accuracy; environmental friendly and the returns can be revised easily.
