File Your IT Returns Online, Before 31st July, 2011

Those following the news regularly, especially around this time would know that the last date for filing their Income Tax Returns is fast approaching - 31st July, 2011. Being constantly re-iterated by the government as a fundamental duty of every salaried citizen to file his or her income tax returns, this date and the days preceding this one hold much significance. Usually, income tax return filing in India is associated with long queues, excessive documentations – a hassle, in short.

Rush now!

Taking a cue from institutions like banks and travel agencies that carry out their transactions and other activities online, the Government of India began the concept of e-filing some time back. Over the years, the concept has picked up fairly well with the urban masses, owing to the considerable load that it has taken off the shoulders of anxious citizens looking to file their returns. Before proceeding to file one’s taxes, all tax dues need to be cleared. Then post successful payment of one’s taxes, an acknowledgment, a lot like a challan issued by a bank can be obtained. This detail of the acknowledgment has to be mentioned during the process of e-filing of returns.

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Users can log on to www.incometaxindia.gov.in, and if they’re a new user, they’ll have to register their PAN (Permanent Account Number) number on the site to create their account. Once registered, a link is sent via email to the id provided at the time of the registration. It is only on the clicking of this link that the said account can be activated. With the help of an XML file then generated, from the ITR form, the XML file needs to be uploaded to the website by logging onto it. Once done, an acknowledgement in Form ITR V is generated, which is also automatically sent to the e-mail address provided by the user while filling his form. This form then needs to be printed and signed manually by the user and sent to the Income Tax office in Bangalore for attestation.