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Phase-I : Just visit via Log on to the official website portal of Income Tax e-filing – incometaxindiaefiling.gov.in.
Phase-II : tap on New to e-filling if you are registering for the first time, else click on the registered user.
Phase-III : Select the Type of User.
Phase-IV: Write/Enter your Permanent account number card information like a surname, Residential status, middle name, first name & DOB.
Phase-V: Complete Fill the Income-tax return registration form online.
Phase-VI: After that Verify your registration of Income-tax login.
Phase-VII: After successfully registering Login and file your Income-tax return, providing all the required documents in the correct format.
ITR-1 (SAHAJ) | Individuals with Salary & interest Income only |
ITR-2 | Individuals and HUF not having income from business/profession |
ITR-3 | Individuals/ Hindu Undivided Families being partners in firms & not carrying out business or profession under any proprietorship |
ITR-4 | Individuals & Hindu Undivided Families having a proprietary business or profession income |
ITR-4S (SUGAM) | Individuals or Hindu Undivided Families having presumptive business Income |
ITR-5 | In order for AOP & BOI, LLP, & Partnership firms to report their income and tax computation. |
ITR-6 | Co that are registered in India uses this form. |
ITR-7 | In case entities are claiming an exemption as colleges, scientific research institutions, political parties or universities, and religious or charitable trusts, this form must be used. |
The income tax return is a form in which taxpayers declare their taxable income, deductions, and tax payments in accordance with the form applied. Form ranges from ITR 1 to ITR 7. The process of filling out the income tax return form and submitting it to the revenue tax office is known as income tax filing.
If a person come under any of the following conditions, then he has to file the income tax returns: –
In order to claim the deduction under different sections, you will need the following documents or numbers ready before filing your income tax return:
When Taxpayer submitting ITR then he/ she needed to report his / her total income, including all sources of income, deductions, and exemptions. When filing ITR-1, Taxpayer should include his / her total salary income, even if he/ she don’t have a Form 16.
While Taxpayer submitting ITR-1, you need to provide details of your income from salary, which includes both gross salary and net salary. Gross salary is the total salary earned before any kind of deductions, while net salary is amount Taxpayer receive after deducting allowances or expenses.
In the ITR-1 form, you will find particular ITR fields to enter his / her salary details, such as allowances, perquisites, basic salary, & profits in lieu of salary. Taxpayer should provide gross salary figure in these fields.
Additionally, you can claim deductions for certain expenses or investments under various sections of the Income Tax Act, such as Section 80C for investments in specified instruments like life Public Provident Fund (PPF), insurance premium, etc. These deductions help in reducing taxpayer taxable income.
So, when Taxpayer submitting ITR-1, he / she should include his / her total salary income (gross salary) & claim income tax deductions as per their applicable to arrive at the net taxable income as per income tax law. We should remember to keep necessary supporting documents & records for verification if needed by income tax authorities as and when it is required to us.
Category of Taxpayer | Due Date for Tax Filing |
Individual | Aug 31st (extended date ) |
Body of Individuals (BOI) | Aug 31st (extended date) |
Hindu Undivided Family (HUF) | Aug 31st (extended date ) |
Association of Persons (AOP) | Aug 31st (extended date ) |
Businesses (Requiring Audit) | September 30th |
Businesses (Requiring TP Report) | November 30th |
You have to calculate the total income tax you owe to the government while filing an income tax return. So, if you have paid more tax than is necessary for the financial year, the Income-tax dept will refund the extra money to your verified/pre-validated bank account. And if you have underpaid taxes for the financial year, you will have to pay the balance while submitting your income tax return.
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