Friday, July 13, 2012

File your IT Returns Online

I have documented the procedure of filing your Income Tax Refunds in India online for Assessment Year 2012-2013 (Financial Year 2011-2012).  Note: AY 2012-2013 (Assessment Year 2012-2013) is to be selected for filing your returns for Financial Year 2011-2012. You don’t have to pay anything if you file your returns online yourself. Remember IT Refunds are processed faster if filed online. If you are getting your IT returns filed with the help of an agency or a Chartered Accountant, ensure that it is filed online.

You can file your IT Returns online using the site: https://incometaxindiaefiling.gov.in/

Here is the procedure:

1. Create an online profile on https://incometaxindiaefiling.gov.in with your PAN number. Your login ID will be your PAN number.




2. Download the following forms: Downloadà AY 2012-2013à  ITR-1 (SAHAJ – for Salaried Individuals) Excel Utility (Version 1.0) (I have downloaded and attached this form for your reference)

3. Complete the Excel Utility offline on your computer using information from your Form 16 and follow instructions in the Help Document to validate your excel sheet. Generate an xml file using the options given in the Excel sheet and save it on your Machine.

4. Login to the online profile using your ID (PAN Number)

5. Locate the “Submit Return” section on the left side of the web page. Select the assessment year AY 11-12



6. Select ITR-1 from the drop down. Select the Digitally Sign the File option as “No”.  In this case you will have to take a printout of the submitted form, sign it and post to CPC, Bangalore within 120 days of filing the form. Click on Next


7. On the next screen, browse and select the xml file you have generated in Step 3 above.

8. Once you click on Upload, you will get a confirmation on screen followed by an email to your mail address specified in your online profile. Take a printout of the form, sign it and post to the address mentioned there within 120s of submitting the form by ORDINARY POST / SPEED POST ONLY. Refer to some DO’s and DON’T’s for ITRV attached with this email.

9. In about a couple of weeks you should receive an acknowledgement from CPC via email, Bangalore along with an sms confirming the receipt of your ITR-V


Remember that 31-Aug-2012 is the last date for filing your IT returns in India for AY 2012-2013
  
Hopefully this will help you guys with filing your returns online.
  
Good Luck !

No comments:

Post a Comment