ITR e filing Online - File Income Tax Return, Guide on Income Tax Return E filing 2018-19

Abhinay Rai | 2020-05-23 15:47:31 | Articles| 11

What is ITR E filing?

ITR E-filing is submitting your income tax returns online on Income tax website. There are two option to file your income tax returns. The traditional way is the offline form, where you go to the Income Tax Department office to physically file your income returns. The other way is when you E-file or an electronic file over the Internet. In recent years, electronic filing has become popular because it's easier, requires no document printing, and can be done for free.
 

Person Required to File Income Tax Return

It is mandatory to file income tax returns in India if any of the following conditions apply to you (according to the Income Tax Law):
 
1. Earn or received  income other than salary, such as house property 
 
2. If you want to claim a refund form department's income tax.
 
3. Earn or have invested in foreign assets.
 
4. If you want to apply for visa or loan applications.
 
5. Company or business, irrespective of profit or loss.
 
6. If your gross annual income more than-
 
Particulars            Amount
For individuals age below  60 years Rs 2.5 Lakh
For individuals age above  60 years Rs 3.0 Lakh
For individuals age above  80 years Rs 5.0Lakh
 

Difference Between Assessment Year and Financial Year

The financial year is the period from April 1 to March 31. The assessment year is the next year that income is taxable.
 
For example, if your financial year is from April 1, 2019 to March 31, 2020, then it is known as FY 2019-20. The assessment year of the income earned during this period would begin after the end of the financial year, that is, from April 1, 2020 to March 31, 2021. (AY 2020-21)
 

Have Electronic filing Income tax returns Started for 2019

E filing income tax returns for the 2019-20 assessment year, which is the 2018-19 financial year has begun. The Income Tax Department will launch the new ITR forms after March 31 and electronic filing will be allowed on its website as well as on the TaxCaller Portal. We will include all changes in the new ITR forms to make it easier for you to file your returns electronically. ITR 1 and ITR 4 are now live.
 

How Much Tax I Have to Pay

Do you want to check how much income tax you are considering  paying or  see how the deductions affect the income tax you owe? know your income tax liability for the last 2 financial years for using the income tax calculator
 
 

What Can I File Multiple Income Tax Returns Electronically

If you want to file multile income tax returns you ned not worry about it just go on TaxCaller Portal  send your documents for electronically filing  multiple tax returns. You can electronically file your icome tax  returns for the current and prior years  with the help of axcaller experts from the same login on TaxCaller Portal.  You can even suggest for electronically filing of  income  tax returns to your friends and family from your account on TaxCaller Portal
 

I have a Form 16, How do I Electronically file my Income Tax Return

1. Click on Apply Just upload your form 16 
 
2. TaxCaller experts will prepares your ITR within 15 minuts.
 
3. Login your account Check your tax summary.
 
4. Experts will electronically file your tax return to receive the recognition number.
 
5. E-verify your income tax return through aadhaar OTP
 

I Don't have a form 16

1. Click on Apply enter your income details.
 
2. Declare investments made under Section 80C.
 
3. TaxCaller experts will preparare the ITR form relevant to you.
 
4. Login your account Check your tax summary.
 
5. Experts will electronically file your tax return to receive the recognition number.
 
6. E-verify your income tax return through aadhaar OTP
 

How to Reset Your Income Tax Login Password 

So, did you lose access to your income tax department login account because you don't have the password and are afraid of being able to present or access it again
Don't worry because TaxCaller Team can help you.
You can reset your password from the Income Tax Department by sending an email to validate@incometaxindia.gov.in with the following details:
 
1. PAN
 
2. Name of the PAN holder
 
3. Date of birth.
 
4. Name of the father
 
5. Registered PAN address
 
It is recommended to link your PAN with Aadhaar and mention it in your income tax returns. If you have applied for Aadhaar, you can mention the registration number on your income tax returns.
 

What is The Deadline to File Incoem Tax Returns Electronically

The last date to file electronic income tax returns for the 2018-19 financial year is July 31, 2019 date also extended to august 31, 2019. You can file your income tax returns electronically anytime before that, but it's always best to file electronically early to avoid trouble, penalty and heavy website traffic in the last month.
 
Start filing your income tax returns electronically on Income Tax website
You can also take help of TaxCaller experts for filing your income tax returns 
 

Should I File ITR If I Earned Less Taxable Income

Yes, it is advisable to electronically file your income tax returns even if you are paying taxes. A zero return filing will come in handy when you need to get your tax refund or apply for a loan or visa.
 

How to Check the Status of ITR-V

After you successfully submit your income tax return, you receive an acknowledgment from the IT department called ITR-V or Tax Return Verification. You will receive an email with your registered email ID from the Income Tax Department containing the ITR-V.
 
 
 
 
 

Author Bio

Name: Abhinay Rai

Mobile: 9818893285

Conpany: TaxCaller India LLP

Location: Ghaziabad, Uttar Pradesh-201017

Qualification: B.Com, M.Com, LLB

Member Since: 2020-01-18 10:52:11 | Total Posts: 9

Abhinay Rai is an indian lawyer specializes in commercial and taxation law. The Founder of Indian tax preparation company TaxCaller. having Professional Experience More than 8+ years in the field of Taxation Law. Rai was born on 2 January 1994 in the Lucknow city, India. He had completed his college from islamia college of commerce, deendayal upadhyay university gorakhpur in the year of 2013. LLB from CCS university.

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Abhinav 2020-06-04 22:14:43
Hi