Categories: Others

Overview the online Filing of Income Tax Returns portal

Overview the online Filing of Income Tax Returns Portal

Income tax e-filing refers to the process of submitting ITR online to Govt tax dept in the specified format. Online tax filling simpler, safer and easy than visiting the ITO to submit your Income tax returns. Under Presently income tax rules & regulations in India, Online e-filing is Compulsory for taxpayer & replaces the previously manual paper-based mechanism of Submitting Income tax return. Deadline for Online filing Tax Return for Assessment Year 2023-24 is 31st July 2023.

Main Tax e-Filing Options in India

Presently, there are three options to file ITR filing system in India:

  • Through Income tax lawyer or Tax Return Preparer or Chartered Accountant,
  • Via intermediary who is a registered online income tax filing portal,
  • On the official income tax filing portal/Website

What are the Eligibility Conditions for Tax E-Filing

The submission of income tax e-filing is now mandatory by Income Tax rules. The below are the instances where e-filing by tax assessees is not required:

  • The income tax Taxpayer is a individual/ HUF having annual income of up to Rs. 5 lakh from all sources (exempt and non exempt).
  • the income tax Taxpayer must be 80 years of age or older for the Financial Years

Under the above two situations described above, ITR’s may be filed online or on paper using the relevant income tax returns form.

What are basic documents needed for online filing of ITR

Unless the Income Tax Department required to do so by order, you are not obligated to attach any documents along with ITR Form. But, for a smooth e-filing experience, the taxpayer needs have a few key documents on available. The following are some necessary tax documents for speedy income tax e-filing:

  • Form 26AS
  • Assets and liability Details
  • Bank Statement for FY
  • P& L A/s (for self-employed or businesses)
  • for salaried/pensioners- Form 16
  • Bank loan (Home Loan) interest certificate, etc.
  • Supporting Document related to investment made Under section 80D, 80E, 80C, 80G, etc.

Process of Access Income Tax account for Online Tax E-filing Login Portal

You can use your account after registering on the Income Tax E-filing Portal. Follow the following steps to login for income tax e – filing:

Steps:

  1. We needed to Visit our Income Tax E-filing Login Webpage

2. Then we must Click on ‘Login’ options located on very right side at Income tax home page

3. Enter Our Income tax User Id & password to login to our income tax login/account.

What is Last Due Date to Online Filing your ITR

For the AY 2023-24 i.e. FY 2022-23, the last due date to file your ITR is 31st July, 2023. But, the online e-filing deadline is subject to extensions by order of the Govt.

Tags: Business ITR fillingdue date for filing ITRsFAQs On ITR Filling Forms
3 years ago
Rajput Jain & Associates

Rajput Jain & Associates is a Chartered Accountants firm, with it's headquarter situated at New Delhi (the capital of India). The firm has been set up by a group of young, enthusiastic, highly skilled and motivated professionals who have taken experience from top consulting firms and are extensively experienced in their chosen fields has providing a wide array of Accounting, Auditing, Taxation, Assurance and Business advisory services to various clients and their stakeholders. Rajput jain & Associates, a professional firm, offers its clients a full range of services, To serve better and to bring bucket of services under one roof, the firm has merged with it various Chartered Accountancy firms pioneer in diversified fields. We have associates all over India in big cities. All our offices are well equipped with latest technological support with updated reference materials. We have a large team of professionals other than our Core Team members to meet the requirements of our prospective clients including the existing ones. However, considering our commitment towards high quality services to our clients, our team keeps on growing with more and more associates having strong professional background with good exposure in the related areas of responsibility.

Leave a Comment

Related Post

Recent Posts

New cheque clearing process starting from Oct 4, 2025

New cheque clearing process in India starting from October 4, 2025 Existing System (Until Oct 3, 2025) : Clearing Method:… Read More

1 day ago

Overview on Tax Treatment on Gratuity in India

Overview on Tax Treatment on Gratuity in India What is Gratuity? Gratuity is a lump sum paid by an employer… Read More

1 day ago

Taxation Comparison: Gold Coin vs Gold Jewellery

Taxation Comparison: Gold Coin vs Gold Jewellery Tax Aspect Gold Coin Gold Jewellery ITR Reporting Treated as a capital asset.… Read More

4 days ago

Crypto Taxation & ITR Reporting Guide for India

Crypto Taxation & ITR Reporting Guide Tax on Profits from Crypto (Virtual Digital Assets)- Taxation U/s 115BBH Applicability on Virtual… Read More

4 days ago

Savings Account Rules for Transactions to Avoid Tax Scrutiny

Savings Account – Rules for Transactions to Avoid Income Tax Scrutiny The Income Tax Department monitors high-value transactions through banks’… Read More

4 days ago

Quick Guide on GST Marginal Scheme

Quick Guide on GST Marginal Scheme What is GST Marginal Scheme Meaning : The GST Margin Scheme is applicable primarily… Read More

4 days ago
Call Us Enquire Now