ITR Filing: To file ITR, first you have to register on the e-filing website of the Income Tax Department. PAN is required for this. After registration, the taxpayer can start the return filing process
ITR Filing 2024: The last date for filing Income Tax Return (ITR) is near. Experts say that taxpayers should avoid filing returns at the last minute. Filing returns at the last minute increases the chances of mistakes. Taxpayers who are not required to audit their accounts will have to file their returns by July 31. If you file your returns after this date, you will have to pay penalty and interest on tax. Moneycontrol is telling you the first to last step of filing your returns.
How to register on e-filing site
Registration on the e-filing website of Income Tax Department is necessary to file return. Only after this you will be able to log in to this site. If you are going to file return for the first time, then you will have to first go to https://www.incometax.gov.in/ for registration. Here you have to click on ‘Register’. Then you have to enter your PAN in ‘Register as a Taxpayer’. After that you have to click on Validate.
After this, the password page will open in front of you. Here you have to create your password and click on ‘Confirm Password’. After the registration process is completed, you can click on ‘Proceed to Login’.
How to file income tax return
After logging in to the e-filing site, you will first have to select either online or offline. Then you will have to tell your filing status. Then you will have to choose the right ITR form for yourself. Then you will have to check the pre-filled details in your ITR form. You will have to pay special attention to tax calculation. If you are employed, then you can use the data of Form-16. Other people can check the data of TDS etc. in Form 26AS and Annual Information Statement. After entering all the information, you will have to verify your ITR details.
