how to easily file i-t returns online, free of cost - moneylife

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Moneylife Economy & Nation Taxation How to easily file I-T returns online, free of cost

How to easily file I-T returns online,free of cost

QNet: EOW tightens rope around25 comments + COMMENT

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amidst confusion

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issues

Filing of income tax returns online is very easy and free, especially for

salaried people and there is no need to visit paid sites for e-filing your I-T

returns

Every year July not only brings heavy downpour but also makes every salaried taxpayer

rush to file income tax (I-T) returns. Filing returns before 31st July has now become quiteEnter your email id here

easy, especially with the electronic filing; one can file it online without taking any help

1,00,000 Readersfrom accountants or a chartered accountants (CAs).

There are a number of websites like

Taxspanner.com (charges Rs249 onwards),

HRblock.in (Rs99 onwards), Taxsmile.com

(Rs250 onwards), taxshax.com (Rs181 onwards),

myITreturn.com (free for those with income of

less than Rs5 lakh, for others Rs299 onwards)

that offer e-filing of tax returns for a small fee.

However, anyone can file his/her I-T return

directly from the Income Tax departments

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88satisfactory compared to other sites.

More in MoneylifeOverview Our Approach My Moneylife account FAQs Career with MoneylifeFor filing I-T returns online (for salaried people), you need to have your Form 16 (forFounders Stock Screener Subscriber Billing Info Feedback Join Moneylife FoundationFY2012-13 or AY2013-14) ready with you. You will also need your bank statementsMoneylife Magazine Write for us How to subscribe? Contact Us Moneylife on Facebook

Current | Download | Back Issueshowing interest or any other income earned, if any, during April 2012 to March 2013.Moneylife Daily News & Views Partner with Moneylife Customer Service Site map Moneylife on Twitter

Moneylife Foundation Privacy Policy Mail us Moneylife on LinkedInHere are some tips or guidelines for filing their I-T returns online based on my personalSUBSCRIBEVIDEOSMoneylife Smart Savers Terms of Use Call us Get Free Newsletter

experience...Advertise with usUnfolding of Aadhaar scam:CSR Reporting, legal and Guaranteed revenue flow for MNCs byfiscal due diligence by1. While we often remain dependent on accounting professionals for tax computation, one

Modi govt? Part2 NGOscan always verify or calculate his/her own tax liabilities. I have been using a very good and+3932 viewsfree software (actually an Excel file) from a Bengaluru-based software professional

Nithyanand. One can download the Excel file from http://www.ynithya.com/taxcalcTODAY'S TOP STORIES/taxcalc.htm and calculate the approximate tax liabilities. For FY2012-13, you will need to

download the specific Excel file either .XLSX or .XLS version. QNet: EOW tightens rope around

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This simple utility comes with an excellent help or guidelines, using which all you need toMoneylife Digital Team

do is enter your data. Once done, it gives a fair idea about your approximate income taxLATESTliability, and whether you had paid the tax in full or not. (In case it is not paid in full, you

COMMENTcan always pay it through the NSDL website or online banking after selecting theThe Rot Called Corporate Debtappropriate challan. After making the payment, you would receive a challan identificationRe-structuring Why HDFC Bank want thisnumber that is required for filing the actual return form)

Moneylife Digital Team lady Shyamala Gopinath

as Chairperson?2. Visit the I-T department site for filing returns online

Babubhai Vaghelahttps://incometaxindiaefiling.gov.in/e-Filing/UserLogin

/LoginHome.html?nextPage=efile . If you are already registered, then simply log in. IfPost your CommentMORE

not, you can register as a new user and then log in. You can visit the site and downloadComment*:forms without login as well, but for submitting tax returns online, one needs to be a

No PDS for taxpayers,registered user and then log in.

class I & II govt officers?

3. After login, select appropriate Income-Tax return (ITR) form. There are five types ofMoneylife Digital Team

ITR forms, ITR-1 or Sahaj, ITR-2, ITR-3, ITR-4 and ITR-4S (Sugam) for individuals orHow to get deemed

conveyance for yourHUFs. If you do not have any other income except from salary, you can select ITR-1. Tohousing society

HC asks CBDT to extendknow more about the ITR forms you can visit https://incometaxindiaefiling.gov.in/portaldeadline for filing I-T/selectforms.do returns to 30th November

Alert me when new comment is posted on this article4. Download a small file or return preparation software as the I-T department calls it. ThisPlease read our Moderation Policy and Terms of Use before posting Moneylife Digital Team

comes in .zip format that can be unzipped to open the Excel file. There is also a help file

that gets downloaded along with this software, which you can refer to for enabling

macros, if needed.

5. Open the Excel file. Fill in the data on the first page using your Form 16 and Nithyas

calculator. You need to fill in all fields marked in green colour. If you have a home loan for

a self-occupied house, then you can mention the interest paid using '-' sign in the incomeCommentfrom one house property column. (Principal on home loan up to Rs1 lakh is exempted25 Commentsunder chapter VI (Section 80C)) Check and verify the data you filled in the form. Double

Shanky kansal 3 months agocheck and verify it with your source files or with Form 16 and Nithyas calculator. Then

email me onclick on the Validate tab at the top corner on the right side. This will show if there is any

data missing. If every field is filled in, it will give you an OK. You can then click on [email protected]

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number (TAN) of your employer/s (It is mentioned in the Form 16), and the tax deductedReply Link Report abuse

or TDS (Section 22 on the form). You need to provide same details of other employer/s if

there is a change in the job during the year. In case, you have paid the tax on your own,deepaksb 1 year agothen provide the details like BSR code, challan number and amount in Section 24 near the

Irresponsible Corporate Frauds:Dependence on a private co.like Microsoft by Government department like incomebottom of the page. Repeat the validation process and if everything is OK, then go to nextAdvertising Account Penalising the Honest

tax is just NOT ACCEPTABLE. (I have nothing against Microsoft as anpage.

Organization).

Many Govt./PSU banks and Insurance cos.portal used by an individual small users7. On the next page, you need to provide your bank account number, IFS code of the banksupports ONLY Microsoft products like windows and Internet explorer.

(it is mentioned on your chequebook) and type of account. Make sure that the bankBook Launch of the How to Write yourAll consumer oriented organizations/experts must get together and collectively -IFaccount number is your regular and personal account rather than salary account. Thislegendary Kanga Own Will?REQUIRED FORCE-GOVT.DEPARTMENTS to ensure all online services used by

helps in case there is any refund payable to you. Often, people quote their salary accountgeneral population , salaried and small tax payers must be allowed to usefree/open software like OPEN OFFICE etc.freely available on public domain.in this form and find it difficult to get tax refunds in case of change in job or closure of this

account.Its not completely ruled out that private high tech corporations have GREASEDpalms of Govt.owned organisations' software developers. ( so that software developers generate packages used by common population which supports ONLY

8. Fill in other details like your name, place, PAN number and date. Double-check andMicrosoft and other such cos. to increase sale of their software products).Such

verify all data you had entered on this page. If everything is right and there are no errors,actions of using a particular software also defies laws of earlier MRTP

act/Competition commission act.click on the validate tab. After a validation check, click on the Generate tab on first page.What's your say?This will create an xml file. Store it on your PC/desktop or laptop.Comments by experts on above subject is welcome and a positive action will be in

Will you buy, read Sachinthe interest of common population, small income group and retired persons. Tendulkar's autobiography,'Playing It My Way'?9. Login to the https://incometaxindiaefiling.gov.in/portal/login.do site using your

Reply Link Report abuse

username and password. Click on the 'Quick e-file ITR' link on the left hand side. SelectYes

the relevant form (here ITR-1) and assessment year (here AY2013-14). Select prefillNo

Vyas 1 year agoaddress from suitable options. If you have digital signature then you can use it. Otherwise,

Can't Say

It happened with me too. It is more serious one. The rogue CA has been telling me,you can select 'No' option and proceed. Click on submit returns.

he has been attending the scrutiny hearings and charged me but he never Enter Code :

attended. change code

10. Browse to select the xml file, you had created earlier, and click on Upload button.Reply Link Report abuse VOTE

11. If the uploading is successful, you will get an on-screen acknowledgement. Take a

print-out of the acknowledgement or ITR-V form. You would also receive theTapan Chatterjee 1 year ago What you saidacknowledgement in your email inbox. This is a password protected file. You can read the

One rogue CA duped my wife and me by (i) not filing the IT returns despitedirections on the website to open this file.claiming to have done; (2) running away with our files. Going to the Police was noWill the cut in diesel price help

help except to give us a letter outlining the incident. cool off inflation & lower the After this sordid experience I launched myself to file it on-line with muchgovt's subsidy bill?

12. If you are using digital signature, then after receiving the acknowledgement, thecustomary trepidation of something unknown. It turned out to be Very Simple andYes

easy too.process for e-filing is over for you. No

I'm Very Happy that you've very lucidly described the process. Thank you VeryCan't Say Much.

Readers Please GO for it!13. In case you are not a using digital signature for filing returns, you need to sign on the26.4%

acknowledgement or ITR-V form. Make a Xerox copy of this signed form. Send the signedReply Link Report abuse

69.8%form to...

Vyas 1 year ago in reply to Tapan ChatterjeeIncome Tax Department CPC,

Thanks for casting your votes!Post Bag No - 1, It happened with me too. It is more serious one. The rogue CA has been telling me,View Previous Polls

he has been attending the scrutiny hearings and charged me but he neverElectronic City Post Office,attended.

Bengaluru - 560100, Karnataka

Reply Link Report abuse

Use ordinary post or Speed Post for sending the form, within 120 days after submittingPage 1 2 3your returns online. The I-T Department does not accept forms sent through registered

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how to easily file i-t returns online, free of cost - moneylife

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