How to file ITR | Income tax return

To file an income tax return (ITR) online in India, you can follow these steps, starting from opening an e-filing account and ending with OTP verification through Aadhaar.

Open an e-filing account:

a. Visit the Income Tax e-filing portal (https://www.incometax.gov.in/iec/foportal/) in your web browser.

b. Click on the "Register" button located on the right side of the homepage.

c. Select the user type (individual, HUF, etc.) and click "Continue."

d. Fill in the required details such as PAN, name, date of birth, and contact information.

e. Choose a password for your e-filing account and select a secret question and answer.

f. Enter the captcha code and click "Submit."

 

Activate the e-filing account :

a. After submitting the registration form, you will receive an activation link on the registered email address.

b. Click on the activation link to activate your e-filing account.

c. Once activated, log in to your account using your PAN as the user ID and the chosen password.

 

Prepare your ITR:

a. Gather all the necessary documents and information required to file your ITR, such as Form 16, bank statements, investment details, and other income-related documents.

b. Decide for an appropriate ITR form based on your income sources and filing category. The forms are available on the Income Tax e-filing portal.

Salary – ITR 1,
Business & Profession - 3
Presumptive Business & Profession – ITR 4,
Salary and gain from shares/ mutual fund – ITR2

 

Fill in the ITR form online:

a. Log in to your e-filing account on the Income Tax e-filing portal.

b. Go to the "e-File" section and select "Income Tax Return."

c. Choose the assessment year and ITR form name based on your income sources and filing category.

d. Select the filing type as "Prepare and Submit Online".

e. Fill in the required details accurately, including personal information, income details, deductions, and tax payable.

f. Save your progress periodically while filling in the form.

g. Once you have completed filling in the ITR form online, click on the "Submit" button.

 

Verify the ITR:

a. After submitting the ITR form online, you will be prompted to digitally sign the form using a digital signature certificate (DSC) if applicable. Alternatively, you can choose to e-verify your ITR later.

b. If you select e-verification, you can verify your ITR through Aadhaar OTP (One-Time Password) verification.

 

OTP verification through Aadhaar:

a. On the Income Tax e-filing portal, select the "My Account" option and click on "e-Verify Return."

b. Choose the option "Option 2: I want to generate Adhaar based  OTP."

c. Select the option "Generate Aadhaar OTP."

d. Enter your Aadhaar number ( if asked) and click on the "Generate OTP" button.

e. You will receive an OTP on your registered mobile number linked with your Aadhaar.

f. Enter the OTP and click on the "Submit" button to verify your ITR.

 

By following these steps, you can successfully file your income tax return in India and complete the OTP verification through Aadhaar. Remember to keep a copy of the filed ITR for your records.

Also you can contact at below link to get your IT filed: ITR filing experts


Final Bite:

Income Tax Return (ITR) filing is crucial for individuals and entities in India to meet their tax obligations. With income tax e-filing, the process has become easier. It allows taxpayers to file their ITR electronically through the Income Tax e-filing portal. Salary ITR is a common type for individuals earning below Rs. 50 lakhs from salaries, house properties, and other sources. Filing ITR offers benefits like tax law compliance, deductions, transparency, and facilitating loans and visas. To file ITR, follow instructions on the e-filing portal, gather documents, choose the correct ITR form, report income and deductions accurately, and verify the ITR using digital signatures or Aadhaar OTP. Timely and proper filing ensures tax compliance and maximizes benefits.