Remember, you should always file your income tax return well in advance to avoid the last minute rush. If you want to file IT return in the last few days, expect unavailable pages, server jams, busy routes and a lot of other problems. To be on the safer side, we recommend that you should file IT return at least one week prior to the last date of e-filing income tax return. Usually, the last date of e-filing income tax return in India is 31st July. However, due to unavoidable server jams and other technical problems, the government has extended the last date of e-filing income tax return for the assessment year 2012-13 by one month.
Last date of e-filing income tax return for AY 2012-13 is 31st August, 2012. To avoid last minute rush, file your IT return online now!
Websites for filing income tax return online (ITR E-filing)
Most people choose to file income tax return online through the official income tax website of India, managed by the Ministry of Finance, Department of Revenue, of the Government of India. We recommend to go for the official income tax website because the information given there are bound to be correct and you do not run the risk or any loss or mishaps or risks due to incorrect information. In the official website (incometaxindiaefiling.gov.in) you can find the updated XML Schema for ITR-1, ITR-2, ITR-3, ITR-4, ITR-4S and ITR-5 for the current assessment year. If you have any problems or query about e-filing of income tax return online, you can call 180-01801961 between 9 am to 6 pm on all working days. However, apart from the official website, there are many private websites for e-filing IT return as well. These online income tax e-filing are also quick, secure and hassle-free. Some popular websites for filing income tax return online are perfios.com, taxsum.com, myitreturn.com, taxsmile.com, investmentyogi.com and so on.
Step by step guide to file income tax return online
Now that you know the websites for e-filing IT return, let's get started. Given below are the steps of e-filing income tax return at a glance, which we have explained later in this article.
Quick guide to e-filing income tax return online
Steps of e-filing income tax return online explained for beginners
If you are a beginner, for example an young adult going to file your first IT return, you might love a more detailed guide on IT return e-filing in India. Here we have answered some of the Online income tax return e-filing in India FAQs (Frequently Asked Questions) which will probably answer your queries related to IT return e-filing. If you still have questions, please post a response below and we would love to revert back!
Which ITR form to choose? Which is the suitable income tax return form for my profession?
In the official website, you can see different Income Tax Return forms, numbered as ITR-1, ITR-2, ITR-3, ITR-4, and ITR-4S. This is the chart provided by the official website. For a better and detailed explanation on selecting the right ITR form for your type of income, please refer to choosing the right income tax return form.
How to generate XML file for IT Return
Should I take a print out of ITR-V form after filing income tax return?
If you have digitally signed your income tax return while e-filing IT return online, you may or may not print the ITR-V form. It is not mandatory. However, it is always better to take a print out of ITR-V form for future reference.
If you did not have digitally signed your income tax return, taking a print out of Income Tax Return Form V (ITR-V) is absolutely mandatory as you have to sign it duly and send it to the Income Tax Office in the address given below.
How to send ITR-V and to which address?
You should send the ITR-V in a sealed envelop by regular or speed post to the following address. Please note that you cannot send ITR-V through registered post, courier services, or give it by hand, or by any other means. You should send it through regular or speed post only. The address of IT department to send ITR-V form is Income Tax DepartmentDepartment – CPC, Post Bag No – 1, Electronic City Post Office, Bengaluru – 560100, Karnataka.
Last date to send ITR-V form to Income Tax Office at Bangalore, Karnataka
You have to send ITR-V form within 120 days of electronic filing of Income Tax return. Please note that if you fail to send ITR-V to Bangalore, Karnataka, within 120 days of e-filing income tax return, it will be of no use. The IT department to consider that the IT return for which Form ITR-V is filed was never furnished. In that case, the taxpayer or assessee will have to take the responsibility of re-filing IT return and follow up with a new ITR-V form. Hopefully, this time you can send it within 120 days! :-)
Consider Income Tax Saving Investments for Paying Lower Taxes
However, nobody likes to pay income taxes, although all of us have to pay it. Unfortunately, most people are not aware of the legal tax exemption investments and tricks. Double check with your IT lawyer if you can be exempted, however little, from the tax you pay.
Have you tried these tax saving investments?