Online Income Tax E-Filing - Overview
Income Tax Return is the form where the assessee files information about his/her income and tax returns to the Income Tax Department for each financial year. ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6, and ITR 7 are the forms issued by IT Department. On filing a belated return, the assessee is not allowed to endure certain losses. The Income Tax Act, 1961, and the Income Tax Rules, 1962 made it mandatory for citizens to file returns with the Income Tax Department at the end of every financial year. Income Tax returns need to be filed within the specified due date. Each Income Tax Return Form applies to a certain section of the Assessees. Hence, each form filed by the eligible Assessees is processed by the Income Tax Department of India. It is important to know which particular form is appropriate for which Assessee. Income Tax Return Forms range depending upon the criteria of the source of income and the category of an Assessee.
Track Your Status
To file your IT returns, get all the documents like bank statements, last year’s return and Form 16
And log on to www.incometaxindiaefiling.gov.in.
- Register at the website using the PAN number. This is your login credentials and ID.
- View Form 26AS, it will show the tax deducted by the employer. The TDS on Form 16 should match this amount.
- Download the ITR Form that is applicable to your case. If you do not know the appropriate form, consult Tax Seva Kendra
- Complete the form by filling in the required details and then submit it online.
- Then select the Calculate Tax button, to know your payable amount.
- If applicable, pay the required tax amount.
- Enter the challan details on the tax return section of the form.
Tax Seva Kendra offers you the best packages as compared to others leading companies in India. Our service and expertise offer value to your money and time.
Avoid Extra Interest
Avoiding or forgetting ITR in the stipulated time limit will cost you extra interest. with our expert service, your IT e-filing will be adequately taken care of. Also, we will send you reminders before the last date.
Help in Preparing Financial Documentation
To get a loan approved or any investment-related matter ITR is a crucial document. With us, your ITR will be prepared from the perspective of your requirement.
In case you failed to file ITR, you might be penalized up to Rs.10000. Our expert team will assist you in avoiding penalties to restore your image of a good Assesses to the IT department.
Smoothing Visa Processing
If you are planning to process visas for any developed countries like the USA, UK, or Canada, you will require to submit ITR for the past few years. We are here to smoothen the process for you.
Carry Forward Losses
Business loss or capital loss can carry forward with future profit, in case you did not know. You can adjust your losses with future profit through ITR e-filing with our expert guidance.
What are the due dates for filing returns?
Due dates for filing IT return are as follows:
July 31: A firm or individuals who are not liable for audit.
September 30: A company or other who is liable for audit.
March 31: All individuals and companies filing belated returns.
When company deducts TDS, do we still have to file our tax return?
Yes, you need to file your returns. There is a difference between filing income tax return and deducting TDS. You file a tax return as a proof of the payment of all the taxes due. The IT return would also help you for a visa or a loan application.
Can we file income tax returns for years we have not filed?
Yes, you can file delayed IT returns for all the years lapsed so far.
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