Income Tax Return Online Filing 2017

Income Tax Return Online Filing 2017


Who has to file income tax return?
Every person of India whose Gross total income exceeds the taxable limit must file Income Tax return.

Read here for How to file Income Tax Return Online in India

Who has to file the income tax return?*
-Individuals & HUF having total income exceeding Rs. 5 Lakhs or claiming any refund in the return (excluding individuals of the age of 80 years or more who are furnishing return in Form No. ITR-1 or ITR-2).
-Individual or HUF, being a resident other than not ordinarily resident, having any foreign asset/income or claiming any foreign tax relief.
-Persons filing ITR in Form No. 3, 4, 5, 7.
(*You can check https://incometaxindiaefilling.gov.in for details of mandatory category of persons required to e-file)

Read here for How to know PAN Number

How to e-file income tax return?
-Log on to https://incometaxindiaefilling.gov.in
-Check Tax Credit from 26 AS Statement.
-Follow simple steps to fill and upload return.
-Validate your e-filled return after opting Electronic Verification Code (EVC)* through-
=Net Banking
=Aadhar-One Time Password
=ATM of a Bank(coming soon)
=Registered email ID and mobile number with efilling where Total Income is less than Rs. 5 Lakh.
-If a person does not opt for the Electronic Verification Code (EVC) validation option then he/she should print ITR-V, sign it and send it to Income Tax Department-CPC, Post box No. 1, Electronic City Post Office, Bengaluru-560100, Karnataka to complete the process
[for more details about EVC See Notification No.2 of 2015]

Read here for How to Link PAN Card with Aadhar Card

What are the benefits of E-verification by using EVC?
-No need to send signed copy of ITR-V to CPC, Bengaluru
-This income tax return e-filling is a fully electronic process
-It enables department to initiate processing of return earlier

When to file the income tax return?
-Persons whose accounts are not liable for audit must file their income-tax return on or before 31.08.2017

Payment through ATM
Now avail 24*7 Tax Paying Convenience from anywhere through ATMs of
Corporation Bank
Axix Bank
Bank of Maharashtra
HDFC Bank
Union Bank of India
Indian Bank
UCO Bank
Canara Bank
Bank of Baroda
Punjab Nationa Bank
Oriental Bank of Commerce
Central Bank of India
Punjab & Sind Bank

Register with the Bank to avail this facility.

Important: Pay your Self Assessment Tax with interest before filling your return, otherwise the return will be treated as defective!