ITR Filling Deadline: The month of July is very important for taxpayers who file income tax returns every year, as ITI filing has to be done by the end of this month. This time also the last date for filing income tax return is 31st July. In such a situation lakhs of taxpayers are making rounds of the chartered accountant’s office. However, you can file ITR without sitting at home with the help of a CA.
One week of this month has passed, but there are still 3 weeks left to file the return. The Income Tax Department advises not to be negligent in this matter, because waiting till the last moment can increase the crowd on the online portal, so be sure by filing ITR before time, that too sitting at home. Let’s know how?
ITR filing has become easier with the introduction of new forms
Usually taxpayers face a lot of difficulty in filing income tax return but it is not so. The government has made this process very easy by introducing documents like Form 16, Form 26AS, AIS and TIS, so that you can file your returns from the comfort of your home in few easy steps by providing necessary information. For this you do not need to hire a chartered accountant and pay heavy fees.
here is the whole process
- First of all, to file your ITR, go to the e-filing portal of Income Tax Department www.incometaxindiaefiling.gov.in.
- If you already have an account, log in, otherwise, click “Register Now” to create an account.
- On the home page, select the option “File”, then select “File Income Tax Return”. Next, select the assessment year and click on the “Individual” option for online filing.
- The most important step in filing ITR is to choose the right form. If you are employed, then choose ITR-1 form, in which many important information will already be present.
- You can verify the data with your Salary Slip, Form 16 and AIS. Double check your bank account details before claiming refund.
- Submit your ITR after cross-checking and ensure that it is e-verified. This can be done online using your bank details.
The Income Tax Department generally processes ITR within 3-4 weeks. You can check its status online any time using the receipt number. Remember that the deadline for filing income tax return was not extended last year, so file your income tax return immediately to avoid last minute rush and possible penalty.
