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A quick guide that will help you e-file your tax returns. Do
keep in mind that the last date for filing your returns is July 31, 2014.
LIST OF THINGS
YOU NEED WHILE e-filing your tax
A PC or a Laptop
Internet connection
PAN Card
Bank Statement
Copy of last years income tax return
Form 16 issued by your employer
e-File YOUR
INCOME TAX RETURN:-
·
Log on to the Income tax
website-www.incometaxindiaefiling.gov.in. Register
yourself by clicking the icon on the right side of the page. If you need
assistance call 1800-425-000-25.One must have a PAN CARD, email address and a
Mobile Number to register with the Income tax site.
·
Download the Income Tax Return (ITR) form applicable to you.
Enter your details by referring your documents. Once you have filled in the
details, you need to validate the data, without which you will not be able to
move ahead.
·
After validation of the information in the Excel sheet save the
file in XML format. Please ensure you save the file in the correct format.
Upload the XML file on the website. Do remember to select the appropriate
assessment year (2014-2015) and the applicable form.
Download your TDS i.e form 26AS from Income tax site against
your PAN NO.All the interest earned during the financial year 2013-14 against
your bank account is available here, and/or
Add up your interest earned from Bank’s saving account wef April
2013 to March 31,2014in the column as “Other Interest”.This can be got it from
Banks Interest certificate.
For Self assessment tax which was not deducted before 31st
March 2014,an excess tax as calculated by the site on XML sheet is to be filed
through e-pay Tax and will be automatically directed through the form
itself.This will be only paid by card Debit card.
·
Next you will be directed the digital signature option. If you
have a digital signature,you can add it here. Otherwise, you can proceed
further where you will get an alert that the process is complete. You will
receive the ITR verification form(ITR-V) in your mailbox.
·
Take a print out of your ITR-V. If you don't have a digital
signature sign the ITR-V with a blue ink pen and send it by post to the
Income-Tax Department-CPC, Post Bag No-1, Electronic City Post Office,
Bangalore - 560 100, Karnataka.
·
This has to be done within 120 days of filing your e-return.
