New Delhi: Filing an Income Tax Return (ITR) is mandatory for individuals earning income above a specified threshold each year in India. It serves several purposes, including claiming tax refunds if excess tax has been paid and providing proof of income for various applications such as visas, loans, or government jobs. To file your income tax return online, first-time taxpayers need to register on the e-Filing portal, which grants access to a range of tax-related services.
ITR: E-Filing Registration
To register, ensure you have:
Valid and active PAN (Permanent Account Number)
Valid mobile number
Valid email ID
How to Register on the Income Tax E-Filing Portal
Visit the e-Filing portal homepage (https://www.incometax.gov.in/) and click on ‘Register’.
Enter your PAN under ‘Register as a Taxpayer’ and click ‘Validate’.
Fill in basic details including name, date of birth (or date of incorporation for entities), gender, and residential status as per PAN records, then click ‘Continue’.
Provide contact details such as primary mobile number, email ID, and address on the ‘Contact Details’ page. Click ‘Continue’.
Enter the OTPs (one-time passwords) sent to your mobile number and email ID within the specified time (OTP valid for 15 minutes). Click ‘Continue’.
Review details, make edits if necessary, and click ‘Confirm’.
Set your desired password, confirm it, and click ‘Register’.
Upon successful registration, click ‘Proceed to Login’ to access the portal.
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How to file Income Tax Return (ITR)
Log in to the Income Tax e-filing website, after that follow these steps:
Update your profile if necessary to access all available services.
Follow these steps to file your tax returns:
Enter required details.
Choose the mode of filing.
Select your filing status.
Choose the appropriate ITR form.
Fill in income details and deductions.
Review the tax computation summary.
Proceed to validation and submit the ITR.
Filing your ITR online ensures compliance with tax regulations and facilitates efficient management of tax affairs.
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Income Tax Return: To file ITR you will have to first Register on the Income Tax E-Filing Portal. To register you must visit the e-Filing portal homepage (https://www.incometax.gov.in/) and click on ‘Register’. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
