The deadline for submitting your revenue tax returns (ITRs) is 31 July. By now, most of it’s essential to have obtained the Form-16. Experts are advising particular person taxpayers to keep away from the last-minute rush and begin submitting their ITRs quickly. which might result in errors.
How to file ITR?
You have the choice of getting your ITR filed via intermediaries resembling e-filing portals and apps, or chartered accountants. If you might be submitting it by yourself, most of you would wish to file it on-line on the revenue tax division’s web site.
Income tax return submitting: Important paperwork wanted
Even although the e-filing portal has pre-filled ITR types, some incomes, resembling capital good points, must be manually crammed. These are a number of the necessary paperwork it’s essential to maintain helpful whereas submitting ITR.
-Form 16
-Form 16A
-Form 26AS
-Capital good points statements
-Tax saving funding proof
Step-by-step information to submitting ITR
-Go to the Income Tax e-Filing portal.
-Log in by coming into your consumer ID (PAN), Password, and Captcha code.
-Click on the ‘e-File’ menu and click on the ‘Income Tax Return’ hyperlink.
-Choose the suitable Income Tax Return (ITR) type based mostly in your revenue and different elements. If you might have Form 16, you should utilize both ITR-1 or ITR-2.
-After that, select the evaluation yr (AY) for which you wish to file the ITR. You ought to select the evaluation yr 2023-24.
-Validate all the information entered within the type, and submit.
-After submitting your return, e-verify it utilizing any of the out there choices resembling Aadhaar OTP, and so forth.
-Upload, e-verify return
The final step is to re-check all of your particulars and add the shape. However, your job is just not full till you confirm your return.
ITR submitting deadline
The ITR submitting due date for FY 2022-23 (AY 2023-24) is thirty first July 2023.
Catch all of the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.
Download The Mint News App to get Daily Market Updates.
More
Less
Updated: 20 Jun 2023, 02:50 PM IST
Topics