How to file Income tax Return ? step by step guidance’s
How to file Income tax Return ? step by step guidance’s
Who need to file Income Tax Return ?
Income Tax Act 1961 section 139 (1) provide for filing of income to every person being a company, firm or being a person other than a company or a firm if his total income during the previous exceded the maximum amount which is not chargeable to tax shall file on or before the due date furnish his income income tax return or the income of other person during the previous year in the precribed form and verified in the prescribed manner and setting forth such other particular as may prescribed.
Any person has exceded the maiximum amount which is not chargeable to tax shall file his return on or before due date.
Documents required for file Income Tax Return
PAN
Income details
Aadhar card
Bank IFSC code and account number
Secect Applicable ITR Form
ITR Form -1
ITR Form-2
ITR Form -3
ITR form-4
ITR Form -5
ITR Form-6
ITR Form-7
before file his Income Tax Return every person should know Form 26AS
Decuction allowable to you as per your investment and Income
Calculation tax with help of Income Tax Calculator
Now you can file your Income Tax Return
Offline mode
Online Mode
If you opt offline
download applicable form and file it
There are five head of Income
1.Income from salary
2.Income from house property
3. Income Business and Profession
4. Income from Capital Gian
5. Income from other sources
Add all taxbale income together
Less: allowable deduction
Calculate tax on total taxable income
Less: TDS
:Advance tax paid
Paid balance tax if due through challan no 280 on online tax payment
and submit ITR Form to the his area Income Tax officer
If online
Login on efiling portal
with help of User ID and password if your registered on efiling portal
If you not registered on e filing portal first you registered
as following
First go on e filing portal
click on register yourself
select type of user
Individual
HUF
other than individual/HUF
Fill
PAN
Name
Surname
Date of Birth
Residential status
email id
Mobile no
address
password
after successfully submission
You receive two OTP on your email id and mobile no
after put both otp on portal and submission sucessfully
Login with user id and password
fill the require information in the applicable Income Tax Return and clain allowable deduction and submission
and e verified return.
This is a simple way of Income Tax Return file if you face any difficulty you can take help from your nearest Chartered Accountant or you may contracts’ us