IT
Tax Return? Its easy....
If a person wants to file his ITR ,without the help of CA, he can definitely file it and go for the same as there is no compulsion for an assistance of a CA for filing the above requirement.
The process to e-file ITR is quick easy and can be completed from the comfort zone of your home or office .It also helps in saving money as you don't need to hire anyone to file ITR...
Firstly we need to know, why are we filing ITR..
If a resident's annual total income exceeds the basic exemption limit, an ITR must be filed in accordance with income tax laws.
An income tax return can be filed both via online and offline methods. We will discuss with the online IT return filing method here as because this method will be much more easier for the beginners...
Step-by-step process to file an IT return online
Step-1- Visit Income Tax Department’s official portal.
Step-2- Register with PAN, which is your user ID. Registered users can click on ‘Login Here.’
Step-3- Navigate to e-file and click on ‘Income Tax Return.’
Step-4- From the drop-down menu, choose the ITR form number and AY. You have to select “Original/Revised Return’ as the filing type, and ‘Prepare and Submit Online’ as the submission mode.
Step-5- Click on ‘Continue.’
Step-6- Fill in the essential details demanded in that ITR form.
Step-7- Calculate the payable tax.
Step-8- From the ‘Taxes Paid and Verification’ tab, select the relevant option.
Step-9- Next, select ‘Preview and Submit.’
Step-10- Complete the verification process either by Aadhaar OTP, electronic verification code (EVC) through details of bank account, bank ATM, details of Demat account, or by dispatching a filled ITR-5 (either speed post or normal) to the IT Department.
Step-11- For final submission, type OTP/EVC sent to your registered mobile number within its validity period and follow such instructions to submit.
If you are not comfortable with filing IT returns online, you can easily take the old school/conventional method, i.e., the offline process.