Did You Know This...! :- E-Return A Way To File You Income Tax Returns For AY 2010-11
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    • Did you Know this...! :- E-Return a way to file you Income Tax Returns for AY 2010-11

    Sundeep Surendra Kamath

    Chartered Accountant
    (1) What is E-Filing?

    • The process of electronically filing Income tax returns through the internet is known as e-filing.
    • E-filing is possible with or without digital signature.

    (2) Types of E-Filing

    • There are three ways to file returns electronically.
    • Option 1: Use digital signature, in which case no further action is required.
    • Option 2: File without digital signature, in which case ITR-V form is to be filed with the department. This is a single page receipt cum verification form.
    • Option 3: File through an e-return intermediary who would do eFiling and also assist the Assessee file the ITR -V Form.

    (3) Types of E-Filing

    (4) E – filing process :

    This is explained below with the help of a flow chart.

    e-Filing Process – At a glance

    • Select appropriate type of Return Form .
    • Download Return Preparation Software for selected Return Form.
    • Fill your return offline and generate a XML file.
    • Register and create a user id/password .
    • Login and click on relevant form on left panel and select "Submit Return".
    • Browse to select XML file and click on "Upload" button .
    • On successful upload acknowledgement details would be displayed. Click on "Print" to generate printout of acknowledgement/ITR-V Form.
    • Incase the return is digitally signed , on generation of "Acknowledgement" the Return Filing process gets completed. Assessee may take a printout of the Acknowledgement for his record.
    • Incase the return is not digitally signed , on successful uploading of e-Return, the ITR-V Form would be generated which needs to be printed by the tax payers. This is an acknowledgement cum verification form. The tax payer has to fill-up the verification part and verify the same. A duly verified ITR-V form should be submitted with the local Income Tax Office withing 15 days of filing electronically. This completes the Return filing process for non-digitally signed Returns.
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