Explain the Procedure for E-Filing of ITR in India
Income Tax Return (ITR) e-filing is the process of submitting your income tax return online on the official website of the Income Tax Department of India. It is a safe, fast, and convenient method of filing taxes.
Steps for E-Filing of ITR in India
1. Register on the Income Tax Portal
- Visit: www.incometax.gov.in
- Click on “Register” and enter PAN details, mobile number, and email ID.
- Create a password and complete registration.
2. Login to Your Account
- Go to the portal and log in using your PAN (User ID) and password.
3. Choose the Correct ITR Form
- Select the correct ITR form based on your income type. For example:
- ITR-1 (Sahaj) – for salaried individuals
- ITR-2 – for individuals with capital gains or foreign income
- ITR-3 – for business or professional income
4. Choose Filing Mode
- You can choose to file online directly on the portal or offline using utility software (Excel/Java/JSON), which can be downloaded from the portal.
5. Fill in Income Details
- Enter details of income, deductions (like 80C, 80D), bank accounts, and taxes paid (TDS/TCS/advance tax).
6. Validate Details
- Double-check all entries. Use the ‘Validate’ option to find and fix any errors.
7. Preview and Submit
- Review the filled return and click on “Submit”.
8. E-Verify Your Return
Once submitted, you must e-verify your ITR using one of the following methods:
- OTP on Aadhaar-linked mobile
- Net Banking
- Bank ATM (if supported)
- Sending a signed physical ITR-V to CPC, Bengaluru
Note: E-verification should be completed within 30 days of filing to validate the return.
Benefits of E-Filing
- Time-saving and convenient
- Faster processing and refunds
- Reduces chances of errors
- Environment-friendly
Conclusion
E-filing of ITR is a simple and transparent process that ensures timely tax compliance. With digital advancements, taxpayers can now file their returns from the comfort of their homes with ease and accuracy.