How to prepare for filing of your ITR

Deadline for filing of income-tax return (ITR) is around the corner. It is advisable to file your return in time and not to wait for the last date.. To prepare the income-tax return, one has to.

Look at tax credit – Form 26AS vs. Form 16. Before initiating the online income tax return filing make sure to kook at Form 26AS. This form depicts the total tax that gets deducted from your income and this is deposited by your employer to the IT department. Make sure that the tax deducted depends on Form 16.

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 · ITR-V : How to Send ITR-V to Income Tax Department, CPC Bangalore Last Updated : 26 Aug 2019 You can submit your tax returns online using software approved by the Income Tax Department. Taxpayers can opt to file their returns the official website of the Income Tax Department or through authorised third-party websites.

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If you are already registered, login to your income tax account by providing your User ID (your PAN), Password and Captcha. Select the appropriate assessment year, ITR form name as ITR-1 or ITR-4 as per the applicability and submission mode as " Prepare and Submit Online " If you had filed online ITR before, you can select details which will be automatically prefilled to the selected ITR form.

After signing in, your account dashboard will open up as shown in the picture below. Click on the ‘e-file’ tab and select ‘Income Tax Return’ option. Please note that the process of filing returns for FY 2017-18 has been changed by the tax department as compared to that used for filing returns for FY2016-17 in 2017.

9. Click on ‘e-file’ tab and select the ‘Income Tax Return’ option. 10. After clicking the ‘Income Tax Return’ option, the website will direct you to page where you will be required to enter few details before uploading your ITR XML for the relevant year. Enter details required: the relevant assessment year, ITR form name, submission mode.

Filing income tax returns is no longer the hassle it used to be. Gone are. Download ITR-1's (Sahaj) return preparation software if you are a salaried individual.

How to prepare for filing of your ITR : Points to be kept in mind for Smooth ITR Filing Process The season for filing income tax returns (ITR) is gathering pace as the due date of 31st July is approaching for the majority of taxpayers.