Monday, July 25, 2011

e-Filing Income Tax Process – At a glance F/Y 2010-11

e-Filing Income Tax Process – At a glance  F/Y 2010-11


Steps to e-file your income tax returns :
Step : 1   Select appropriate type of Return Form
Step :2    Download Return Preparation Software for selected Return Form.
Step : 3   Fill your return offline and generate a XML file.
Step : 4   Register and create a user id/password Login
Step : 5   Login and click on relevant form on left panel and select "Submit Return"
Step : 6   Browse to select XML file and click on "Upload" button
Step : 7  On successful upload acknowledgement details would be displayed. Click on "Print" to generate printout of acknowledgement/ITR-V Form.

Step : 8 Incase the return is digitally signed, on generation of "Acknowledgement" the Return Filing process gets completed. You may take a printout of the Acknowledgement for your record.

Step : 9  Incase the return is not digitally signed, on successful uploading of e-Return, the ITR-V Form would be generated which needs to be printed by the tax payers. This is an acknowledgement cum verification form. A duly signed ITR-V form should be mailed to “Income Tax Department – CPC, Post Bag No - 1, Electronic City Post Office, Bengaluru - 560100, Karnataka, ” BY ORDINARY POST OR SPEED POST ONLY within 120 days of transmitting the data electronically.

ITR-V sent by Registered Post or Courier will not be accepted.

No Form ITR-V shall be received in any other office of the Income-tax Department or in any other manner. In case, Form ITR-V, is furnished after the above mentioned period, it will be deemed that the return in respect of which the Form ITR-V has been filed was never furnished and it shall be incumbent on the assessee to electronically re-transmit the data and follow it up by submitting the new Form ITR-V within 120 days. This completes the Return filing process for non-digitally signed Returns.

Step : 10 To reset the password, click on the forget password link from the login page. In the password reset page, enter either of the following data :

Enter your secret question and answer which you entered during registration

(OR)

Enter the assessment-year and acknowledgement number of any of the e-returns filed by you since assessment year 2007-08.

Then enter the new password twice and then the text from the image below. Click on Reset Password to reset the password of your user.



Step : 11 For any assistance in electronic filing please contact the Public Relations Officer of the local Income Tax Office

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