The Process to file Income Tax Returns (ITR) by using the internet is called E-filing. The process to e-file ITR is quick, easy, and can be completed from the comfort of an individual’s home or office. E-filing ITR can also help in saving money as you would not have to hire an individual to file ITR.

A step by step Guide on How to e-file Income Tax Returns on the Portal

Calculate your income tax liability as per the provisions of the income tax laws. Use your Form 26AS to summarise your TDS payment for all 4 quarters of the assessment year. On the basis of the definition provided by the Income Tax Department (ITD) for each ITR form, determine the category that you fall under and choose an ITR form accordingly. 

Follow the steps mentioned below to e-file your income tax returns using the Income tax e filing portal:

Step 1: Visit the official Income Tax e-filing website and Click on the ‘Login‘ button.

Step 2: Next, Enter your Username, then click on ‘Continue‘ After entering your Password.

Step 3: Once you have logged into the portal, click on the tab ‘e-file‘ and then click on ‘File Income Tax Return‘.

Step 4: Select the ‘Assessment year‘ and ‘Mode of Filing‘ for which you wish to file your income tax returns and click on ‘Continue‘.

Step 5: Choose whether you wish to file your income tax returns as an Individual, Hindu Undivided Family (HUF), or others. Choose the option ‘Individual‘. Then, Click on ‘Continue‘

Step 6: Now, Choose the income tax returns (ITR) you wish to file. For example, ITR 2 can be filed by individuals and HUFs who don’t have income from business or profession. Similarly, in case of an individual, they can choose the option ITR1 or ITR4. Here you will have to click ‘Proceed with ITR1‘.

Step 7: The next step will ask you the reason for filing your returns above the basic exempted limit or because of the seventh provision under Section 139(1).

Step 8: Fill in the details of your bank account. If you have already provided the details of your bank account, then pre-validate it.

Step 9: You will then be directed to a new page to file your income tax returns. The page will contain a lot of information filled already. Check them make sure all the details mentioned are correct. Confirm the summary of your returns and validate it.

Step 10: The final step is to verify your returns and send a hard copy of if to the Income Tax Department. The verification process is mandatory.

Visit our website for Income TAX related software services www.coledra.com

A step-by-step Guide on How to Login or Register on the e-filing Portal

Step 1: Visit the official e-filing website

Step 2: Register or Login to e-file your returns

• In case you have registered yourself on the portal earlier, click on the ‘Login‘ Here’ button.
• In case you have not registered yourself on the portal, click on the ‘Register Yourself’ button.

Step 3: Click on ‘Taxpayer‘ and then enter the details of your PAN and click on ‘validate‘. Next, click on ‘Continue‘.

Step 4: Provide details such as your name, address, gender, residential status, date of birth, etc.

Step 5: Provide your Email ID and registered mobile number.

Step 6: Once the form has been filled up, click on ‘Continue‘.

Step 7: You will have to verify the details following which a 6-digit One Time Password (OTP) will be sent to your registered mobile number and Email address.

Step 8: Enter the OTP follow the instructions given to complete the registration process successfully.

Step 9: Once the OTP has been verified, a new window will open where you will have to verify the details provided by you.

Step 10: The final step will be set up a password and secure login message.

Step 11: Click on ‘Register‘ following which you will receive an acknowledgment message stating that the registration process has been completed successfully.

Visit our website for Income TAX related software services www.coledra.com