Monday, February 4, 2013

Income Tax Return in 16 Simple Steps

  1. Access the income tax website http://www.incometax-india.gov.in/ and click on ‘File Returns Online’ and then ‘Income Tax Return' 
  2. Download the preparation software for the relevant return form under ‘Downloads’. You can save the zipped file and extract the return file.
  3. Fill out all the particulars in the downloaded software and validate entries by clicking on ‘Validate’ on the last sheet. Access the ‘Generate XML’ link; save the generated XML file. 
  4. Register on the IT Department website (mentioned above). 
  5. Enter your PAN, name, father’s name, date of birth, e-mail address and contact number.
  6. You will receive an automated link on your registered e-mail ID. Click on it to activate your account. 
  7. Your PAN is the user ID to access the link. Choose your password as per the specifications. 
  8. Save the password for your future reference. In case of lost password, reset it with the help of your PAN and the secret question chosen during registration. 
  9. If already registered, click on ‘Existing User’ login and keep your PAN and password handy. 
  10. After logging into your account, select the relevant Assessment Year (2012-13) under the ‘Submit Return’ tab and upload the generated XML file (refer to Step 3) 
  11. Acknowledgment in the form ITR-V is generated. The password to open it is your PAN followed by your date of birth. Save a copy. 
  12. If your return was digitally signed, the process is over.
  13. If your return was not digitally signed then, Take a printout of the generated ITR-V. 
  14. Sign it in blue ink in the space provided. Send the signed acknowledgment via post within 120 days to the IT Dept - CPC, P.B. No. - 1, Electronic City Post office, Bengaluru - 560100.
  15. Keep checking the receipt status on the site using the acknowledgment number on ITR-V. 
  16. Once the ITR-V is received, check if the return has been processed by logging into your account.


This completes your return filing process....



















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