Step by Step Process of Filing Income Tax Return

How To e-File

What is eFiling?

•  The process of electronically filing Income tax returns through the· internet is known as e-filing.
•  e-Filing of Returns/Forms is mandatory for :-
  • All persons having total income of Rupees 5 Lakhs and above for AY 2013-14
  • Individual/ HUF, being resident, having assets located outside India for AY 2013-14 
  • All companies
  • Individual/ HUF/ Firm auditable u/s 44AB of the IT Act, 1961 for AY 2013-14

Types of E-Filing

There are three ways to file Income Tax Returns electronically:

• Option 1: Use Digital Signature Certificate (DSC) to e-File. There is no further action needed,if filed with a DSC.
• Option 2: e-File without Digital Signature Certificate. In this case an ITR-V Form is generated. The Form should be printed, signed and submitted to CPC, Bangalore using Ordinary Post or Speed Post ONLY within 120 days from the date of e-Filing. There is no further action needed, if ITR-V Form is submitted.
• Option 3: e-File the Income Tax Return through an e-Return Intermediary (ERI) with or without Digital Signature Certificate (DSC).e-Filing Process

 How to e file income Tax return 

To upload Income Tax Return:

• Step 1: On homepage, GO TO 'Downloads' section and select applicable Income Tax Return Form of the relevant Assessment Year OR Login to e-Filing application and GO TO 'Downloads'-->'Income Tax Return Forms' and select applicable Income Tax Return Form of the relevant Assessment Year.
• Step 2: Download the excel utility of the Income Tax Return (ITR). 
• Step 3: Fill the excel utility and Validate. (You can pre-fill the Personal and Tax Information in your Income Tax Return. To pre-fill, Login to e-Filing application and GO TO --> Downloads --> Download Pre-filled XML to the desired path/destination in your desktop/system. Open the Excel utility (ITR) and click the "Pre-fill" button. This will require you to select the path/destination where you have saved the XML and click OK. The details will be uploaded into your utility. You may edit the tax details, if needed).
• Step 4: Generate an XML file and save in desired path/destination in your desktop/system. 
• Step 5: LOGIN to e-Filing application and GO TO --> e-File --> Upload Return.
• Step 6: Select the Income Tax Return Form and the Assessment Year.
• Step 7: Browse and Select the XML file
• Step 8: Upload Digital Signature Certificate, if available and applicable.
• Step 9: Click 'SUBMIT'.
• Step 10: On successful upload, Acknowledgement details would be displayed. Click on the link to view or generate a printout of Acknowledgement/ITR-V Form.

 Note:

• You can upload the returns after you have registered in e-Filing.
• To e-File using Digital Signature Certificate (DSC), the DSC should be registered in the application. (To register DSC, you should LOGIN and GO TO --> Profile Settings --> Register Digital Signature Certificate)
• If the Income Tax Return is uploaded with DSC (digitally signed), on generation of "Acknowledgement", the Return Filing process is complete. The return will be further processed and the Assessee will be notified accordingly. Please check your emails on these notifications
• If the return is not uploaded with a DSC (digitally signed), on successful upload of e-Return, an ITR-V Form will be generated. This is an Acknowledgement cum Verification form. A duly verified ITR-V form should be signed and submitted to CPC, Post Bag No. 1, Electronic City Post Office,Bangalore - 560100 by Ordinary Post or Speed Post (without Acknowledgment) ONLY, within 120 days from the date of e-Filing.
• On receipt of the ITR-V at CPC, the return will be further processed and the Assessee will be notified accordingly. Please check your emails on these notifications.

Prepare and Submit ITR1 Online:

The taxpayer has the option of submitting ITR 1 by way of Uploading XML OR by Online submission

• Step 1: Login to e-Filing application
• Step 2: GO TO 'e-File' --> 'Prepare and Submit Online'
• Step 3: Select the Income Tax Return Form ITR 1 and the Assessment Year.
• Step 4: Fill in the details and click the SUBMIT button
• Step 5: On successful submission, Acknowledgement detail is displayed. Click on the link to view or generate a printout of Acknowledgement/ITR-V Form.

Note:

1. The Income Tax Return, ITR 1 Online, can be submitted using a Digital Signature Certificate. 
2. To e-File using DSC, it should be registered in the e-Filing application.
3. If the Income Tax Return is digitally signed, on generation of "Acknowledgement" the Return Filing process is complete. The return will be further processed and the Assessee will be notified accordingly. Please check your emails on these notifications 
4. If the return is not e-Filed with a DSC (digitally signed), an ITR-V Form will be generated. This is an Acknowledgement cum Verification form. A duly verified ITR-V form should be signed and submitted to CPC, Post Bag No. 1, Electronic City Post Office, Bangalore - 560100 by Ordinary Post or Speed Post (without Acknowledgment) ONLY, within 120 days from the date of e-Filing.
5. On receipt of the ITR-V at CPC, the return will be further processed and the Assessee will be notified accordingly. Please check your emails on these notifications 

Note:

•  You can upload the Forms after you have registered in e-Filing.
• Assessee can "Add CA", using My Account menu, after login.
• To e-File using Digital Signature Certificate (DSC), the DSC should be registered in the application. (To register DSC, you should LOGIN and GO TO --> Profile Settings --> Register Digital Signature Certificate)
•  The Form will be further processed and the Assessee will be notified accordingly. Please check your emails on these notifications.