Plenty of us are so busy in our daily activities that we hardly get time to take care of our finances.
We also find it difficult to submit our incometax returns before the due date. The below article provides electronic basics tax return filing that could help you complete the process on your own. In order to meet filing deadline our incometax return, the majority of us hire the services of a chartered accountant or tax consultant. Anybody prefer to file their tax return through experienced accountants or professionals due to lack of knowledge or making fear mistakes. Now let me ask you something. No one knows your finances and income better than you so why let anyone else file your tax returns?
Filing of income tax returns online is very easy and free, especially for salaried people. For registration, please have the PAN card handy, ‘log on’ to click ‘register yourself and submit your basic details. Time users need to register their permanent account number in the tax website to do the filing. Choose the appropriate form determined by your source of income. Generally, you need a Form copy 16 from your employer, Form 16A from bank, investment and proofs for deduction. The Form ‘ITR1’, also known as Sahaj, is a simple form for anyone who have income from salaries plus one house property and other sources.
You have two options for filing the tax return it could either be in a quick filing mode or the normal longer process.
In the normal longer process, you can download the prefilled applicable return form, complete the remaining required fields, validate the data and verify the tax calculation using the inbuilt options. Fact, quick efile’ option requires no download of software/form and can be filled like any online registration form.
Send your ‘ITR Sign’ the ‘ITR V’ in dark blue ink and send it to CPC Bangalore through ordinary or speed post so as to reach them within 120 filing days. The IT Department does not accept forms sent through registered post or courier. The IT Department does not accept forms sent through registered post or courier. Send your ‘ITR Sign’ the ‘ITR V’ in light blue ink and send it to CPC Bangalore through ordinary or speed post so as to reach them within 120 filing days.