Friday, July 6, 2007

e-Filing IT Returns makes life easy !

IT Department has come up with a initiative to make life easy for us. We can file the IT returns electronically i.e Online via IT Dept Website.

Visit the following link.
http://incometaxindiaefiling.gov.in



For the assesment year 2007-08, the IT Department has come up with an option to file the returns online in their website. Click HERE

The steps are very simple and easy to follow.

1) You need to download the applicable ITR1 or ITR2 PDF file - Adobe Reader 8.1 is needed.
2) Fill the downloaded PDF file offline and save it after you enter some data - Based on Form16 issued to you recently.
3) The amount for the lines marked in Blue in the PDF will be calculated automatically. (similar to excel sheet formula).
4) Once you are done, verify with "Check Form" option and press Export to XML button at the bottom of the PDF.
5) Register yourself in IT Website link given above.
6) Press "Submit Return" Button and upload the XML file generated.
7) Up on completion, the ITR V form will be generated.
8) Take a printout of ITR V - 2 copies - Fill them & Sign them as required and submit the forms in Income Tax Office. Retain one copy with IT office seal as a Ack.

Step 7 and 8 are applicable when you do not have a digital signature.

Note : The Return Preparation Software is currently
available only for ITR-1, ITR2 . For other forms, the respective software is yet to be released.


The following link lists the different forms and whom each of them is applicable for.
http://incometaxindiaefiling.gov.in/portal/html/individual_huf.htm

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