Is it possible to do e-filing ITR online at a free of cost without worries ?. If Yes, how ?. This is a question that almost all the taxpayers ask.
Usually, to file the income tax returns, we may personally visit the tax preparers, professionals or visit any of the private online portals. They are commonly known as e-return intermediaries (ERI).
Visiting these private online portals is easy and convenient. You just upload your Form 16, and the rest they or their system will do !!
These private websites offer free and paid services depends upon the complexity of your e-filing. But the Income Tax Department in India has an e-filing portal.
In the IT department ‘s e filing ITR portal, filing your IT Return is completely free. You can do the entire job independently, even the selection of the applicable Forms.
The main disadvantage of the private online portals is that we need to enter our confidential information in their webpages before transmitting this information to the income tax filing system.
At present, in the data-driven market, it may harm the confidentiality of the taxpayer. They may use this personal information to contact you to market their products or services.
If you don’t have complex calculations, the best way is to do your e-fining ITR through the e-filing portal of income tax of India.
Before jumping to the e-filing portal of any webpage, you need to ensure that the link is genuine to protect you from online cheating like Phishing, viruses and worms, trojans, electronic fraud & spyware and adware.
Table of Contents
The process of e-filing ITR Online
The process of e-filing ITR through www.incometaxindiaefiling.gov.in is simple. Once we have a copy of the relevant documents, we need to register and login to the filing portal.
Select appropriate Form, fill it and submit. Then we need to e-verify the submitted file. That ‘s all
Documents for e-filing ITR
We need to keep the below-mentioned document ready before starting the income tax filing.
(1) Form 16/16A. – You can get this document from your employer.
(2) Form 26AS – You can download it by login to e-filing portal of income tax of India. Go to My Account tab, then click View form 26 AS (Tax Credit). Then you can automatically jump to the webpage of TDS-CPC and can download the form.
(3) All your Savings and Investment Documents. – You need to get a copy of all your investment, insurance and other funds statements.
(4) Home loan Document – You can obtain a Home loan certificate from your bank or finance company.
Step 1: Registration
The first step in the e-filing ITR, we need to register your details in the portal. Once you register in the portal, we can use it for e-filing ITR, to check the status of the refund, tax deductions, etc.
(i) Requirements for Registration
To register your details in the portal, we need to keep the below documents ready in hand.
(1) You need to have a Valid Pan Number
(2) An active Email Address
(3) A Valid Mobile Number and
(4) Your present Address
If you have registered already in the portal, click the Registered User then enter the user id, password, captcha code and click the login button.
Be careful !!! the password that it is case sensitive.
If you are registering first time in the portal, Click Register Yourself, and select the user type.
We can see seven different user type in the drop-down menu. They are
- Hindu Undivided Family
- Other than individual /HUF
- External Agency
- Chartered Accountants
- Tax Deductor and Collector
- Third-party Software utility Developer
You have to select the individual from the drop-down menu. Then you have to enter the below details.
Then click continue and fill the details in the next menu like the address, contact details and password. Then click submit
Once you submit the form, you can get One Time Password (OTP). One OTP to your mobile number and another to your email ID.
This OTP needs to enter the space provided and if failed to provide the OTP with 24 hours, you need to do all the above steps again.
In case the residential status of the person registering is Non-Resident, the OTP will be sent to the email ID provided at the time of registration.
Step 2: Log into e-Fining Portal
Click here to log in to the e-filing ITR portal. You need to enter the below information to log in to the e-fining portal
(1) User ID – As you are an individual, the PAN card number will be your user id. You can enter it in the space provided.
(2) Password – Password is provided by you when you register in the e-fining portal. While entering the password. You need to keep in mind that it is case sensitive.
(3) There will be a Captcha to enter, then click the login button.
You can see one more option there to file your “e-Filing login through Net Banking”. This link will show you the list of net banking facility enabled banks through which you can also log in and file your income tax returns.
Step 3: Income Tax Filing (e-Filing ITR)
Once you login to the e-filing IT Return portal, You can see many tabs like
(2) My Account
(8) Profile Setting
In the Dashboard, you can see two options as shown below
(1) Filing of Income Tax Return
(2) View Returns / Forms
Or You can click the “e-file” menu, then select the “income tax return “ option.
In this form, you can see the PAN number as auto-populated, select the Assessment Year, IT Return form number.
Then you need to select the “filing Type”, it may be Original or Revised Return. Select the Submission Mode as “Prepared and Submitted Online”
You need to select the ITR Form as per the list given below
For our convenience, we selected ITR 1. Click Continue, then it will show you the below details.
The following details shall be prefilled in the ITR form
(1) PAN, Name, Date of Birth shall be prefilled from PAN databasehttps://www.incometaxindiaefiling.gov.in/home
(2) Address, Adhar Number, mobile number, and email ID shall be prefilled from e-Filing profile.
(3) Tax Payment, TDS and TCS details shall be prefilled from Form 26AS
(4) Details of Salary income, allowance, and deductions shall be prefilled from Annexure II of Form 24Q
(5) Type of House Property shall be prefilled from last filed ITR
(6) Details of Income from House Property shall be prefilled from Form 26AS
(7) Details of Interest Income from Term Deposit shall be prefilled from Form 26AS
(8) Details of interest income details (u/s 244A) from Income Tax Refund
(9) Tax relief u/s 89 shall be prefilled from Annexure II of Form 24Q
(10) Bank Account details shall be prefilled from last filled IT Return and e-Filing Profile
(11) Verification details – Self/Representative PAN details as applicable based on Logged in PAN
If you have any Pre-validated bank account, it will show below.
Next, You will see the General instruction to be followed when you do your e-filing IT Return and you can see the menus and fill the data as per the documents available with you.
It is recommended to click ” Save the Draft ” after entering the data as it will save your work
Start filling the form, almost at the end, there will be an option in the “Taxes paid and Verification” tab to verify the income tax return filing.
The options are
(1) I would like to e-verify
(2) I would like to e-verify later after within 120 days from the date of filing.
(3) I don’t want to e-verify and would like to send a signed ITR-V through normal or speed post to
“ Centralized Processing Centre, Income Tax Department, Bengaluru -560 500″ within 120 days from the date of filing.
Step 4: e-Verification of the submitted IT Return
If you wish to verify your return by e-verify, you can verify it through Electronic Verification (EVC ) or One time Password(OTP) code generated through your ATM or option available in your my account option in your login, Adhar OTP.
It can also be done through the pre-validated bank or demand accounts or Digital Signature Certificate.
Net-Banking– As per the e-filing ITR portal, specific banks have the facility of filing IT Return in India. So if you have an internet banking facility with those banks, you can log in to it the respective e-fining system of the banks and can file the ITR.
Your pan number must be registered in both the bank account and e-filing portal. There you can see the list of Specified Banks
Pre-validated Bank Account- It means the accounts already linked with the e-filing portal. If you did not have a pre-validate your account, you can do it as given below.
Log in to e-filing portal, Go to Profile Setting Tab then select Prevalidated Bank Account. You can find the list of specified banks from the e-portal.
Prevalidated Demant Account – Suppose you have a prevalidated Demat account in e-filing portal, you can generate EVC using this Demat Account.
You can prevalidate your Demat account by login to the e-filing portal. Go to Profile setting tab and select Prevalidate Demat Account.
Through Bank ATM. You can also use a Bank ATM to generate EVC. You must link your pan with the bank and e-filing portal to use this facility.
You can swipe your ATM card in your bank’s ATM and find the option of “PIN for Income Tax Filing”. Usually, you may find it at the “More “ options.
The EVC will be generated and will be sent to your mobile number registered with the bank. You can use this EVC in the filing portal within 72 hours.
This facility is also available for specific banks only. You can check it from the link.
Adhar e-Verification – For e-verification, we need to login to our e-filing ITR portal. Go to My Account > e-Verify return > You can see the submitted return details then click e-verify option.
To do so, you need to link your AADHAAR with the e-filing portal. Suppose you select AADHAR verification option, You can see the form as given below.
Digital Signature Certificate – You can get the detailed guide as to the DSC from the below link
Digital Signature Certificate
You can see the filed Income Tax return through My Account > view eFiled Return/forms
These are the process to be followed while e-filing your IT Return online through Income Tax of India’s e-filing portal.
All these processes presented here for an educational purpose and creating awareness to the people to familiar with the e-filing portal. All the information so provided in the article is subject to change.
So you can refer to the latest details from the Income Tax Department or e-filing portals. and you can also consult qualified professionals to clarify your doubts before filing your income tax returns.
Last Updated on 01-March-2020
All the information provided in this article is for educational and reference purpose only. As the tax-related matters amending time to time, the readers must verify the facts and laws with concerned departments or qualified professionals before acting based on the above information. The authors and www.finablow.com expressly disclaims any liability for any action taken based on the information provided in the article.Disclaimer