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Filing Income Tax Returns Online

Filing Income Tax Returns Online

You should file your income tax return each year. Read if you want to explore more or want information about “income tax ITR filing.”

Describe ITR

The Income Tax Department can get information about your earnings and taxes from your ITR or income tax return. Taxes must be paid by everyone based on their income. The Income Tax Department can reimburse you if you have overpaid taxes.
Additionally, you must submit your ITR by the Income Tax Return due date.

Filling Income Tax Returns

Now, you have the choice of filling out your ITR both online and offline.Let’s examine the online technique.

ITR Filing Method Online:

To correctly file your returns, you must link your PAN card to your ITR; Then, you can quickly carry out these actions.
Step 1:
Log in with your information to the Income Tax e-Filing portal.
Step 2:
Proceed to ‘e-File’>’Income Tax Return’> File Income Tax Returns.’
Step 3:
On the Income Tax Returns page, choose “Online” for the form to fill out and the assessment year.’ Continue’ should be clicked.
Step 4:
Click “Resume filling” if you have previously completed your ITR and want to submit it.
But if you’re beginning from scratch, select “Start new filling.”
Step 5:
Choose the status that applies to you and press the ‘Continue’ button.
Step 6:
At this point, you must decide which type of ITR you must submit. If unsure, click “proceed” to select the wizard-based return filing option. You can choose it manually if you know which to choose.
Step 7:
Read the instructions and list the paperwork you’ll need. Next, select “Let’s Get Started.”
Step 8:
Review your submitted data and make any necessary edits. Continue selecting “Confirm” after each section.
Step 9:
Click “proceed” when you are through all the sections.
Step 10:
Enter the specifics of your income and deduction. ‘Proceed’ should be clicked one more.
Step 11:
You will choose “Pay Now” or “Pay Later” if a balance is owed. Click “Preview Return” if no tax is owed, or you should receive a refund.
Step 12:
After being forwarded to the ‘Preview and Submit your Return’ page, you will notice a message if the payment was successful.
Step 13:
Select “Preview Return” or “Back to Return Filling.” Verify your information, then press “Proceed to Preview.”
Step 14:
Click “Proceed to Validation” after evaluating your returns. If there are any issues, your filling will be shown, and you must go back and fix them. Go ahead and click “proceed to verification” if there are no mistakes.
Step 15:
Choose a verification method and press the ‘Continue’ button on the “Complete your Verification” screen.
Step 16:
You can go to the Income Tax e-Filing portal to view the ITR that has been uploaded or monitor your income tax return status.

How can I Look Into the Status of My Income Tax Return?

You must be interested in finding out your income tax return status if you have already reviewed your “income tax return due date” and filed it. You only need to use your login information to access the e-Filing portal and check the status of your ITR.

Conclusion:

Although submitting your income tax returns is voluntary, failing to do so on time may occasionally result in penalties of Rs.5,000. It is required in some circumstances, primarily when registering for a credit card or a home loan. Therefore, it is advised that you submit your income tax returns well before the deadline.