Phoenix Auditing

E filing of Income Tax Return

  1. What is ITR E- Filing?
  2. How do I register for E- Filing?
  3. Is it mandatory to file income tax return below 2.5 lakhs?
  4. How do I file an E-Return?
  5. How can I get copy of ITR?
  6. How can I check my TDS amount?
  7. How can I get Form 16?
  8. How can I check my ITR status?
  1. What is ITR E- Filing?

E-filing or electronic filing is submitting your income tax returns online. The traditional way is the offline way, where you go the Income Tax Department’s office to physically file your returns.

  • How do I register for E- Filing?

Step 1: Go to Income Tax E-Filing Website. https://incometaxindiaefiling.gov.in

Step 2: Select RegisterYourself.

Step 3: Select User Type. Taxpayers can choose options like individual, partnership, company, trust, etc.,

Step 4: Provide Basic Details such as

  • PAN (this is your User ID for e-Filing website)
  • Name (Surname, Middle name and First name or Organization Name in case of Non-Individuals)
  • Date of Birth /Date of Incorporation
  • Email
  • Mobile Phone (not required for Non-Residents)

Step 5: Email Verification.

Step 6: Activate E-Filing Account.An email will be sent to the taxpayer along with an activation link and a SMS with OTP.

  • Is it mandatory to file income tax return below 2.5 lakhs?

It is mandatory to file your Income Tax returns only in cases where your gross total income (without allowing any deduction under section 80C to 80U) exceeds Rs 2.5 Lakh. There are advantages to filing your income tax returns.

  • How do I file an E-Return?

Step 1: Download the ITR preparation software for the relevant assessment year.

Step 2: Prepare the Return using the downloaded software.

Step 3: Login to e-Filing website with User ID, Password, Date of Birth /Date of Incorporation and Captcha.

Step 4:Go to e-File and click on “Upload Return”.

Step 5: Select the appropriate ITR, Assessment Year and XML file previously saved in Step 2

Step 6: Upload Digital Signature Certificate (DSC), if applicable.

Step 7: Click on “Submit” button.

Step 8: ITR V Verification.

On successful submission, ITR-V would be displayed (if DSC is not used). Click on the link and download the ITR-V. ITR-V will also be sent to the registered email. If ITR is uploaded with DSC, the Return Filing process is complete.

OR

The return is not uploaded with DSC, the ITR-V Form should be printed, signed and submitted to CPC within 120 day

  • How can I get copy of ITR?

Step 1: Go to https://incometaxindiaefiling.gov.in and click on login here

Step 2: Select the “View Returns/ Forms” option to see e-filed tax returns

Step 3: Click on the acknowledgement number to download your ITR-V.

  • How can I check my TDS amount?

Step 1: Go to https://incometaxindiaefiling.gov.in/

Step 2: Register and Login to the portal.

Step 3: Go to ‘My Account’ tab and click on view Form 26AS (Tax Credit)

Step 4: Select year and PDF format to download the file and proceed further.

  • How can I get Form 16?

Form 16/ 16A is the certificate of deduction of tax at source and issued on deduction of tax by the employer on behalf of the employees. These certificates provide details of TDS / TCS for various transactions between deductor and deductee. It is mandatory to issue these certificates to Tax Payers.

  • How can I check my ITR status?

Step 1: Go to https://incometaxindiaefiling.gov.in/

Step 2: Click on ITR-V Receipt Status

Step 3: Next, input your PAN and the assessment year

Step 4: Enter the Captcha Code and submit