Tag Archives: How

Earn Extra Income – Work at Home Mothers, how to earn extra income.#How #to #earn

by ,

Earn Extra Income for Single Parents

There are many families out there who need quality child care at odd hours. So even if you work full-time during the week, you could still pick up a few extra dollars by caring for other children on the weekends, or even during occasional overnight hours.

There are a lot of freelance jobs that can be done from the comfort of your own home and will allow you to work around your existing schedule. Consider a part-time job writing, typing, or proofreading.

What skills do you possess that make it easy for you to do something that might take others three or four times as long? Put those skills to use as a virtual assistant. For example, a small business owner might contract with you to regularly develop and send their monthly newsletter, or update their database.

Each cleaning job may take up to three hours of time. If you’re just getting started, try posting an ad at your community, local grocery store or community bulletin board.

Dog sitting is another job opportunity that can work around your existing schedule. For example, if you work full time, advertise that your dog-sitting services are available on the weekends only.

  • Use Your Creativity to Earn Money

    Consider how you might transform the unique skills you possess into an opportunity to earn extra income. For example, if you love scrapbooking, try offering to complete other parents’ unfinished scrapbook pages. Consider your gifts and what you love to do, and the possibilities are endless.

    Earn Extra Income / Cash / Money

    In this site you can learn tips on how to earn extra income, tips for moms working at home and earn extra income online.

    Learn new business opportunities, internet marketing, online business, affiliate program, pay per click, earn money online, earn cash online, play game earn money, internet marketing, online business, affiliate commission, pay per click programs, be an advertiser, earn extra income online, earn extra cash at home and know more about google adsense.

    How to earn extra income

    How to earn extra income

    How to earn extra income


  • Easy Ways to Earn Extra Money, how to make extra income.#How #to #make #extra #income

    by ,

    Easy Ways to Earn Extra Money

    How to make extra income

    Are things that you no longer need or use cluttering up your home? Then, turn them into cash. Sell any items of value on Ebay, on Craigslist or at a consignment store. Then, have a yard sale to sell the rest.

    Continue to 2 of 17 below.

    Get Paid for Your Time Online

    Did you know that there are companies that will pay you to read e-mails, to do web searches and to complete other online activities? It s true. Sign up with several of them, and get paid for the time that you spend online. Check out Volition.com for a list of companies to consider.

    Continue to 3 of 17 below.

    Test Websites

    Website owners need help spotting the flaws in their site navigation, and they re willing to pay for it. Become a tester for usertesting.com, and you ll earn $10 for each site that you agree to test, $15 for each mobile app. Each review requires a brief 20-minute video of you navigating the site and a short questionnaire.

    Complete Simple Tasks for Businesses

    Use small chunks of free time to knock out a quick assignment for a business. Amazon Mechanical Turk has a list of one-time jobs – research projects, product reviews, transcriptions, etc. – that pay immediately upon acceptance of your work.

    Continue to 5 of 17 below.

    Ready to do more for less? Learn tricks and hacks to save money around the house, find free ways to have fun, and more!

    Have Your Car Wrapped

    Do you spend a lot of time on the road? Then, consider turning your car into a rolling billboard. Many companies – big and small – will pay to wrap your car in their advertisements.

    Get Paid to Take Surveys

    Turn your opinions into cash by answering online surveys. Just sign up with several survey sites, and wait for the survey invitations to roll in.

    Continue to 7 of 17 below.

    Earn Money from Hobbies

    Hobbies usually cost money, but that doesn t have to be the case. Find ways to turn your favorite pastime into a source of income, and enjoy playing for profit.

    Bank for Profit

    Many banks – on and offline – offer cash incentives for opening a new account (anywhere from $25 to over $100). Take advantage of these offers, and turn banking into a more lucrative experience.

    Continue to 9 of 17 below.

    Have knowledge that you d like to share with the world? Then set up a blog, and put in the work to monetize it.

    Get a Paper Route

    Paper routes aren t just for kids with bicycles any more. If you have a reliable vehicle, and a need or desire to boost your income by several hundred dollars a week, a newspaper route could be the answer. Talk to your local newspaper to find out what routes they have available in the area.

    Continue to 11 of 17 below.

    Tutor

    Are you a math whiz? A grammar pro? A chemistry master? Then, become a tutor, and transform your knowledge into a paycheck. Just advertise where parents are likely to look – on campuses, at the library, in the newspaper – or apply to be an online tutor for tutor.com.

    Deliver Phone Books

    Someone s got to deliver all those phone books, and it may as well be you. Contact your local phone company to find out what you need to do to apply for the job. Then, hustle those books from door to door for some extra green.

    Note: Often phone companies will place an insert in with your phone bill to announce their need for deliverers. Keep an eye out for this advertisement, and act quickly when you see it.

    Recycle

    Your trash can or cluttered garage could be yet another source for money. Aluminum, steel and many other materials can be recycled for profit – now, that s good news for your bank account and the environment.

    Become a Mystery Shopper

    Like to shop? Yep, you can get paid to do that, too. Sign up to become a mystery shopper, and turn your trips to the mall into a source of income.

    Sign Up for MyPoints

    Earn extra cash, in the form of gift cards, by signing up for MyPoints and Swagbucks and participating in their points programs.

    Search for Rare Coins in Your Pocket Change

    Sift through your pocket change and your piggy bank for rare coins that you can sell at a profit. To increase your odds of a valuable find, get a bunch of coin rolls from the bank, and go through those, too.

    Get a Holiday Job

    Lots of businesses need extra help for the holidays, but spots go fast. Put your applications in in October, if you re serious about landing a gig.

    How to make extra income


    Income Support Call Connection Service, how to claim income support.#How #to #claim #income #support

    by ,

    Income Support Contact Number

    The Income Support helpline can be contacted by phone: Open Monday-Friday 8:00 AM-6:00 PM.

    Income Support Telephone Helpline Hours

    The Income Support phone number is available to take your call Monday-Friday – 8:00 AM-6:00 PM. Holiday hours may differ.

    Tips for Contacting Income Support

    • Please remember to have your personal details with you. This will include your National Insurance number, along with your full name, date of birth and details that may be pertinent to your claim, such as tenancy contracts, employment information and other income source details.

    • If you have a claim, make sure you have all the information that you need to make that claim, before you ring the Income Support number.

    Frequently Asked Questions

    Am I eligible to make a claim?

    You may be able to claim if you answer “yes” to ALL of the following:

    • Are you between 16 and pension age?

    • Do you work less than 16 hours per week and your partner works less than 24 hours per week?

    • Do you live in England, Scotland or Wales?

    • Are you a single parent with a child under 5 or a carer or pregnant?

    • You have little or no income and less than £16000 in savings?

    If you re unclear about these criteria, contact Income Support helpline and talk with an advisor about making a claim.

    Do I need to notify Income Support if my circumstances change?

    Yes, you need to call the Income Support telephone number immediately if any of the following apply to you:

    • Your income has changed

    • Your savings has changed

    • Someone has moved into or out of your home

    • You recently became employed

    How do I get paid?

    You will be paid via a bank transfer. There are two payments, a personal allowance payment and premiums.

    As of 2016, here are the latest payment amounts:


    Income Tax efiling Online in 6 Simple Steps for Free, how to filing income tax

    by ,

    Income Tax efiling Online in 6 Simple Steps for Free

    Select your email service Close

    How to filing income tax return

    Income Tax efiling can be done online through the Income Tax Website without any cost in 2 different ways:-

    1. Income Tax efiling by downloading the ITR Java utility or the ITR Excel Utility and furnishing details in the excel utility offline and then uploading it on Income Tax Website
    2. Income Tax efiling without downloading the Java Utility and furnishing all details online itself.

    Procedure for Income Tax efiling using ITR Java Utility/ ITR Excel Utility

    The Income Tax Department releases an updated income tax software for free every year for income tax efiling online. The Income Tax Software is released both in the form of Excel as well as Java Utility.

    The Java Utility is a new type of utility and is much easier to file than the Excel Utility. Earlier, only the tax utility was released but now the Govt also releases a Java Utility which is much easier to file than the Excel Utility as it fetches a lot of details automatically and uploading the returns through the Java Utility is also much easier.

    The following Article are the steps involved for Income Tax efiling by downloading the Java/ Excel Utility:-

    1. Logon to https://www.incometaxindiaefiling.gov.in and select the Income Tax Return Form for your type of Income. There are various different Income Tax Return forms for different class of assessees. Recommended Read: Which Income Tax Form should you use?
    2. Download the ITR Java/ Excel Utility which pertains to your Income Tax Form and furnish all details in the ITR Java Utility and also cross check the same with the figures as mentioned in your Form 16/ Form 16A/ Form 16B and Form 26AS.
    3. After furnishing all details in the ITR Utility and validating the same, you can directly upload your Income Tax Return through the Java utility by logging in your account on the income tax website through the Java Utility itself. Alternatively, you may create a xml file of the Income Tax Return and then upload this file on the income tax website. (If you ve forgotten your income tax efiling password, refer this article on How to recover income tax efiling password).
    4. On successful upload of your income tax return, an Acknowledgement Details would be displayed. An ITR-V would also be automatically generated and sent to your registered email id.
    5. In case while efiling income tax return you used your Digitally Signatures to digitally sign the Income Tax Return Form, the whole process gets completed on generation of Acknowledgement .
    6. However, in case while efiling income tax return , you didnt use Digital Signatures , on successful uploading of e-Return, the ITR-V Form would be generated and sent to your registered email id. This ITR-V Acknowledgement form should be signed by the Tax Payer and sent to the Income Tax Office.
    7. From the Financial Year 2014-15 onwards, the govt has also extended the option of linking the Aadhar Card with the ITR Form. Once the Aadhar Card and the ITR Form have been linked, the taxpayer wont be required to physically send the ITR Form to the Income Tax Office even if he didn t use the Digital Signature to sign the form.

    Procedure for Income Tax efiling without downloading the Excel Utility

    Income Tax efiling can also be done without downloading the Income Tax Software and simply by furnishing all the details online. For efiling Income Tax Return without downloading the Java Utility, a person would be required to login to his account on https://www.incometaxindiaefiling.gov.in and then go to e-File Income Tax Return Prepare and Submit Online

    If the Income Tax Returns have not been Digitally Signed, the taxpayer would be required to take a print out of the ITR-V Acknowledgement Form, sign it and send it to the Income Tax Department

    The Address for sending duly signed ITR-V form is “ Income Tax Department – CPC, Post Bag No 1, Electronic City Post Office, Bengaluru 560100, Karnataka ,” by ordinary post or speed post only, within 120 days of transmitting the data electronically. In case, Form ITR-V, is furnished after the end of 120 days from the date of filing of Income Tax Return , it will be deemed that the return in respect of which the Form ITR-V has been filed was never furnished and it shall be incumbent on the Tax Payer to electronically re-transmit the data and follow it up by submitting the new Form ITR-V within 120 days. This completes the income tax efiling process for non-digitally signed Returns.

    How to filing income tax return

    Other Relevant points regarding Income Tax efiling

    1. The Self Assessment Tax computed as per the Income Tax Slabs (after deducting the TDS and Advance Tax paid) is required to be fully paid before filing the Income Tax Return. (Recommended Read: Income Tax Slab Rates).
    2. In case excess tax is paid by the taxpayers, he can claim a refund of income tax by disclosing all facts in the income tax return. (Procedure for claiming Income Tax Refund)
    3. The due date for Income Tax efiling is 31st July of the Assessment Year for taxpayers not required to get their Tax Audit done. For all taxpayers who are required to get their Tax Audit done, the Due Date is 30th September . (Category of Taxpayers who are required to get Tax Audit done by a Chartered Accountant)
    4. If a taxpayer is unable to file the income tax return before the income tax filing due date, he may file a Belated Income Tax Return along with Interest and/or Penalty.
    5. In case any error is recognised in the income tax return by the taxpayer himself, he may file a Revised Return of Income u/s 139(5) before the expiry of 1 year from the end of the relevant assessment year or before the completion of assessment (whichever is earlier).
    6. There are several other softwares of private vendors which are authorised by the Income Tax Deptt for Income Tax efiling online.

    In case of any query with respect to income tax efiling, please post them on Chartered Club Q A Portal and we would be happy to answer.

    Karan is CA by Qualification with the rare distinction of being awarded All India Rank 22. He is also the founder of this website and loves to help people with their Tax Queries.

    How to filing income tax return


    2017 Income Tax Return Filing Requirements, Reasons to File, how to filing income tax return.#How

    by ,

    Do I Need to File a 2017 Tax Return?

    How to filing income tax return

    Whether or not you are required to file a 2017 federal income tax return depends on several factors:

    Even if you re not required to file a 2017 return, there are reasons you may want to file a tax return.

    Start the FILucator

    (Do I Have to File a Tax Return)

    Select Your Filing Status

    Do you and/or your spouse have W-2 income? Do you have W-2 income?

    What was the total amount?

    Do you and/or your spouse have self employment, independent contractor, or 1099 income? Do you have self employment, independent contractor, or 1099 income?

    Include your spouse s self employment income.

    Do you have Social Security income?

    Is Social Security your ONLY source of income?

    You might have to file a return, so let s keep going..

    Will you be 65 or older as of 12/31 of the tax year?

    Will you or your spouse be 65 or older as of 12/31 of the tax year?

    Will you be claimed as a dependent on another person s tax return? (e.g. your parents)

    Enter your total unearned income.

    Are you Blind? Hmmm. I can see this.

    Are you or your spouse Blind? Hmmm. I can see this.

    Based on your information, you are generally not required to file a return. However, there may be reasons you should file anyway:

    • You should file a return if you are getting a refund.
    • You should file a return if you qualify for the Earned Income Tax Credit.
    • You should file a return to report your health insurance if you qualify for the Premium Tax Credit.
    • You should file a return if you or your child needs financial aid for college.

    If you have any questions about whether or not you need to file a tax return, contact us now.

    If you still want to file a Tax Return, click the Start Your Tax Return Now button below.

    Based on the information provided, you should file a tax return.

    How to filing income tax return

    Consult the information below to find out if you are required to file a 2017 tax return:

    Minimum Income Requirements to File a Federal Income Tax Return

    The minimum income required to efile or file a tax return for Tax Year 2017 depends on your income, age, and filing status. The minimum income levels for the various filing statuses are listed in the table below. If you earned below the minimum income for your filing status, you may not be required to file a Federal Tax Return. However, there are reasons why you may still want to file.

    The values below are for the 2016 Tax Year. We will update them when the IRS makes them available.

    Enter your email and receive

    your FILucator results, a promo code,

    and a chance to win prizes!

    How to filing income tax return

    Got Tax Questions? TaxChat Now!

    Other Reasons to File a Tax Return

    How to filing income tax return

    Regardless of your gross income, you are generally required to file an income tax return if any of the following are true:

    • You had net self-employment income of $400 or more
    • You had unemployment income
    • You owe Alternative Minimum Tax
    • You owe household employment taxes
    • You owe additional taxes on a retirement plan (an individual retirement arrangement (IRA) or other tax-favored account) or health savings account
    • You must repay the 2008 Homebuyer Credit (or any other recapture taxes)
    • You owe Social Security and Medicare taxes on unreported tip income
    • You earned $108.28 or more from a tax-exempt church or church-controlled organization
    • You received distributions from an MSA or Health Savings Account
    • You received an advance payment on the Premium Tax Credit.

    If I Am Under Sixteen and This is My First Time Filing a Tax Return, Can I Efile It?

    If you are under age 16 and you have never filed a tax return, you cannot efile your first year. You can prepare your 2017 return on efile.com, print it, and mail it to the IRS to file it. However, you will be able to efile your return the next year.

    Requirements for Dependents to File a Federal Income Tax Return

    Are you a dependent and don t know whether or not to file a tax return? Find out how to file a tax return as a dependent.

    You May Want to File a Tax Return. (Even if You Are Not Required To)

    There are several reasons why you may want to file or efile a 2017 tax return even if you do not meet the minimum income requirements:

    • If you had taxes withheld from your pay, you must file a tax return to receive a tax refund.
    • If you qualify, you must file a return to receive the refundable Earned Income Tax Credit.
    • If you are claiming education credits, you must file to be refunded the American Opportunity Credit.
    • If you have a qualifying child but owe no tax, you can file to be refunded the Additional Child Tax Credit.
    • If you qualify, you must file to claim the refundable Health Coverage Tax Credit.
    • If you adopted a qualifying child, you must file to claim the Adoption Tax Credit.
    • If you overpaid estimated tax or applied a prior year overpayment to this year, you must file to receive the refund.

    Taxable Income vs. Non-Taxable Income

    Whether or not you are required to file a tax return depends on the type(s) of income that you have. There are many kinds of taxable income, as well as many types of non-taxable income. Your gross income generally includes income from all sources, in whatever form it takes. Below are examples of taxable and non-taxable income you may need to consider.


    Business Taxes, Internal Revenue Service, how to make income tax return.#How #to #make #income #tax

    by ,

    Business Taxes

    The form of business you operate determines what taxes you must pay and how you pay them. The following are the five general types of business taxes.

    All businesses except partnerships must file an annual income tax return. Partnerships file an information return. The form you use depends on how your business is organized. Refer to Business Structures to find out which returns you must file based on the business entity established.

    The federal income tax is a pay-as-you-go tax. You must pay the tax as you earn or receive income during the year. An employee usually has income tax withheld from his or her pay. If you do not pay your tax through withholding, or do not pay enough tax that way, you might have to pay estimated tax. If you are not required to make estimated tax payments, you may pay any tax due when you file your return. For additional information refer to Publication 583.

    Estimated tax

    Generally, you must pay taxes on income, including self-employment tax (discussed next), by making regular payments of estimated tax during the year. For additional information, refer to Estimated Taxes.

    Self-Employment Tax

    Self-employment tax (SE tax) is a social security and Medicare tax primarily for individuals who work for themselves. Your payments of SE tax contribute to your coverage under the social security system. Social security coverage provides you with retirement benefits, disability benefits, survivor benefits, and hospital insurance (Medicare) benefits.

    Generally, you must pay SE tax and file Schedule SE (Form 1040) if either of the following applies.

    • If your net earnings from self-employment were $400 or more.
    • If you work for a church or a qualified church-controlled organization (other than as a minister or member of a religious order) that elected an exemption from social security and Medicare taxes, you are subject to SE tax if you receive $108.28 or more in wages from the church or organization.

    Note: There are special rules and exceptions for aliens, fishing crew members, notary public, state or local government employees, foreign government or international organization employees, etc. For additional information, refer to Self-Employment Tax.

    Employment Taxes

    When you have employees, you as the employer have certain employment tax responsibilities that you must pay and forms you must file. Employment taxes include the following:

    • Social security and Medicare taxes
    • Federal income tax withholding
    • Federal unemployment (FUTA) tax

    Excise Tax

    This section describes the excise taxes you may have to pay and the forms you have to file if you do any of the following.

    • Manufacture or sell certain products.
    • Operate certain kinds of businesses.
    • Use various kinds of equipment, facilities, or products.
    • Receive payment for certain services.

    Form 720 – The federal excise taxes reported on Form 720, consist of several broad categories of taxes, including the following.

    Form 2290 – There is a federal excise tax on certain trucks, truck tractors, and buses used on public highways. The tax applies to vehicles having a taxable gross weight of 55,000 pounds or more. Report the tax on Form 2290. For additional information, see the instructions for Form 2290 .

    Form 730 – If you are in the business of accepting wagers or conducting a wagering pool or lottery, you may be liable for the federal excise tax on wagering. Use Form 730, to figure the tax on the wagers you receive.

    Form 11-C – Use Form 11-C, Occupational Tax and Registration Return for Wagering, to register for any wagering activity and to pay the federal occupational tax on wagering.

    Excise tax has several general excise tax programs. One of the major components of the excise program is motor fuel. For additional information, refer to Excise Taxes.


    Net Income Definition – Formula, InvestingAnswers, how to calculate net income.#How #to #calculate #net #income

    by ,

    Net Income

    Net income represents the amount of money remaining after all operating expenses , interest, taxes and preferred stock dividends (but not common stock dividends) have been deducted from a company’s total revenue .

    How it works (Example):

    Net income is also referred to as the bottom line , net profit or net earnings . The formula for net income is as follows:

    Total Revenue – Total Expenses = Net Income

    Net income is found on the last line of the income statement , which is why it’s often referred to as the bottom line. Let’s look at a hypothetical income statement for Company XYZ:

    How to calculate net income

    By using the formula we can see that:

    Net Income = $100,000 – $20,000 – $30,000 – $10,000 – $10,000 = $30,000

    Why it Matters:

    Net income is one of the most closely followed numbers in finance, and it plays a large role in ratio analysis and financial statement analysis. Shareholders look at net income closely because it is the main source of compensation to shareholders of the company (via dividends and share buybacks), and if a company cannot generate enough profit to adequately compensate owners, the value of shares will plummet. Conversely, if a company is healthy and growing, higher stock prices will reflect the increased availability of profits.

    One of the most important concepts to understand is that net income is not a measure of how much cash a company earned during a given period. This is because the income statement includes a lot of non-cash expenses such as depreciation and amortization .

    To learn about how much cash a company generates, you need to examine the cash flow statement (click here to read 10 Things to Know About Every Cash Flow Statement ).

    Changes in net income are endlessly scrutinized. In general, when a company’s net income is low or negative, a myriad of problems could be to blame, ranging from decreasing sales to poor customer experience to inadequate expense management.

    Net income varies greatly from company to company and from industry to industry. Because net income is measured in dollars and companies vary in size, it is often more appropriate to consider net income as a percentage of sales, known as “profit margin .” Another common ratio is the price-to-earnings ( P/E ) ratio, which tells investors how much they are paying (the stock ‘s price) for each dollar of net income the company is able to generate.

    If you’d like to read more in-depth information about using net income and other income statement line items, check out the following:

    Income Statement definition — Learn about this all-important financial statement used to calculate profitability.

    Price-to-Earnings Ratio definition — Learn how to calculate and use the P/E ratio, one of the most used ratios in investing.

    Financial Statement Analysis: The Income Statement — Learn the most important components of the income statement and how to use them to determine a company’s profitability.


    Build the Budget Worksheet with Excel 2007, Name the Sheet, Peachpit, how to calculate net

    by ,

    Build the Budget Worksheet with Excel 2007

    This chapter is from the book

    The primary element of our project is the monthly budget worksheet. This worksheet lists all of the income and expense categories with columns for budgeted amounts, actual amounts, dollar difference, and percent difference. It also includes subtotals and totals.

    As you can see, an Excel worksheet window closely resembles an accountant s paper worksheet. It includes columns and rows that intersect at cells. To build our budget worksheet, we ll enter information into cells.

    In this chapter, we ll create the budget worksheet as shown here. (We ll apply formatting to the worksheet so it looks more presentable later in this project.)

    How to calculate net income

    Name the Sheet

    The sheet tabs at the bottom of the worksheet window enable you to identify the active sheet. Each new workbook file includes three worksheets named Sheet1, Sheet2, and Sheet3. You can change the name of a sheet to make it more descriptive.

    It s easy to identify the active sheet. Its sheet tab is white and the sheet name appears in bold text. And, if you have sharp eyes, you may notice that the active sheet s tab seems to appear on top of the other tabs.

    How to calculate net income

    1. Double-click the Sheet1 sheet tab. The name of the tab becomes selected.

    How to calculate net income

    How to calculate net income

    How to calculate net income


    Income Tax efiling Online in 6 Simple Steps for Free, how to fill income tax.#How

    by ,

    Income Tax efiling Online in 6 Simple Steps for Free

    Select your email service Close

    How to fill income tax

    Income Tax efiling can be done online through the Income Tax Website without any cost in 2 different ways:-

    1. Income Tax efiling by downloading the ITR Java utility or the ITR Excel Utility and furnishing details in the excel utility offline and then uploading it on Income Tax Website
    2. Income Tax efiling without downloading the Java Utility and furnishing all details online itself.

    Procedure for Income Tax efiling using ITR Java Utility/ ITR Excel Utility

    The Income Tax Department releases an updated income tax software for free every year for income tax efiling online. The Income Tax Software is released both in the form of Excel as well as Java Utility.

    The Java Utility is a new type of utility and is much easier to file than the Excel Utility. Earlier, only the tax utility was released but now the Govt also releases a Java Utility which is much easier to file than the Excel Utility as it fetches a lot of details automatically and uploading the returns through the Java Utility is also much easier.

    The following Article are the steps involved for Income Tax efiling by downloading the Java/ Excel Utility:-

    1. Logon to https://www.incometaxindiaefiling.gov.in and select the Income Tax Return Form for your type of Income. There are various different Income Tax Return forms for different class of assessees. Recommended Read: Which Income Tax Form should you use?
    2. Download the ITR Java/ Excel Utility which pertains to your Income Tax Form and furnish all details in the ITR Java Utility and also cross check the same with the figures as mentioned in your Form 16/ Form 16A/ Form 16B and Form 26AS.
    3. After furnishing all details in the ITR Utility and validating the same, you can directly upload your Income Tax Return through the Java utility by logging in your account on the income tax website through the Java Utility itself. Alternatively, you may create a xml file of the Income Tax Return and then upload this file on the income tax website. (If you ve forgotten your income tax efiling password, refer this article on How to recover income tax efiling password).
    4. On successful upload of your income tax return, an Acknowledgement Details would be displayed. An ITR-V would also be automatically generated and sent to your registered email id.
    5. In case while efiling income tax return you used your Digitally Signatures to digitally sign the Income Tax Return Form, the whole process gets completed on generation of Acknowledgement .
    6. However, in case while efiling income tax return , you didnt use Digital Signatures , on successful uploading of e-Return, the ITR-V Form would be generated and sent to your registered email id. This ITR-V Acknowledgement form should be signed by the Tax Payer and sent to the Income Tax Office.
    7. From the Financial Year 2014-15 onwards, the govt has also extended the option of linking the Aadhar Card with the ITR Form. Once the Aadhar Card and the ITR Form have been linked, the taxpayer wont be required to physically send the ITR Form to the Income Tax Office even if he didn t use the Digital Signature to sign the form.

    Procedure for Income Tax efiling without downloading the Excel Utility

    Income Tax efiling can also be done without downloading the Income Tax Software and simply by furnishing all the details online. For efiling Income Tax Return without downloading the Java Utility, a person would be required to login to his account on https://www.incometaxindiaefiling.gov.in and then go to e-File Income Tax Return Prepare and Submit Online

    If the Income Tax Returns have not been Digitally Signed, the taxpayer would be required to take a print out of the ITR-V Acknowledgement Form, sign it and send it to the Income Tax Department

    The Address for sending duly signed ITR-V form is “ Income Tax Department – CPC, Post Bag No 1, Electronic City Post Office, Bengaluru 560100, Karnataka ,” by ordinary post or speed post only, within 120 days of transmitting the data electronically. In case, Form ITR-V, is furnished after the end of 120 days from the date of filing of Income Tax Return , it will be deemed that the return in respect of which the Form ITR-V has been filed was never furnished and it shall be incumbent on the Tax Payer to electronically re-transmit the data and follow it up by submitting the new Form ITR-V within 120 days. This completes the income tax efiling process for non-digitally signed Returns.

    How to fill income tax

    Other Relevant points regarding Income Tax efiling

    1. The Self Assessment Tax computed as per the Income Tax Slabs (after deducting the TDS and Advance Tax paid) is required to be fully paid before filing the Income Tax Return. (Recommended Read: Income Tax Slab Rates).
    2. In case excess tax is paid by the taxpayers, he can claim a refund of income tax by disclosing all facts in the income tax return. (Procedure for claiming Income Tax Refund)
    3. The due date for Income Tax efiling is 31st July of the Assessment Year for taxpayers not required to get their Tax Audit done. For all taxpayers who are required to get their Tax Audit done, the Due Date is 30th September . (Category of Taxpayers who are required to get Tax Audit done by a Chartered Accountant)
    4. If a taxpayer is unable to file the income tax return before the income tax filing due date, he may file a Belated Income Tax Return along with Interest and/or Penalty.
    5. In case any error is recognised in the income tax return by the taxpayer himself, he may file a Revised Return of Income u/s 139(5) before the expiry of 1 year from the end of the relevant assessment year or before the completion of assessment (whichever is earlier).
    6. There are several other softwares of private vendors which are authorised by the Income Tax Deptt for Income Tax efiling online.

    In case of any query with respect to income tax efiling, please post them on Chartered Club Q A Portal and we would be happy to answer.

    Karan is CA by Qualification with the rare distinction of being awarded All India Rank 22. He is also the founder of this website and loves to help people with their Tax Queries.

    How to fill income tax


    Income tax return – definition of income tax return by The Free Dictionary, how to

    by ,

    income tax return

    income tax return

    • Income Tax Appellate Tribunal
    • Income Tax Application Rules
    • Income Tax Assessment Act
    • Income Tax Bar Association Karachi
    • income tax bracket
    • income tax bracket
    • income tax bracket
    • Income Tax Brackets
    • Income Tax Clearance Certificate
    • Income Tax Component of Contribution
    • Income Tax Conventions Interpretation Act
    • Income Tax Department
    • Income Tax Exempt Charity
    • Income Tax Exempt Fund
    • Income Tax Exemption Claim
    • Income Tax Fraud
    • Income Tax Gazetted Officers Association
    • Income Tax Group
    • income tax inspector
    • Income Tax Lien
    • Income Tax Lien
    • Income Tax Lien
    • Income Tax Liens
    • Income Tax Liens
    • Income Tax Liens
    • Income Tax Officer
    • Income Tax Provision
    • Income Tax Provisions
    • Income Tax Rate
    • Income Tax Rates
    • income tax return
    • Income Tax Return for Individuals
    • Income Tax Return Request
    • Income Tax Returns
    • Income Tax Returns
    • Income Tax Returns
    • Income Tax Ruling Series
    • income tax schedules
    • Income Tax Suit
    • Income Tax Technical News
    • Income Tax Trading and Other Income Act
    • Income Tax Tribunal Decisions
    • Income Tax Withholding Variation
    • Income Taxation
    • Income Taxation
    • Income Taxation
    • Income Taxation
    • Income taxes
    • Income taxes
    • Income taxes
    • Income taxes
    • Income velocity of money
    • Income Verification Express Service
    • Income Verification Match
    • Income Withholding Order
    • Income-Based Deductible
    • income-bond fund
    • income-consumption curve
    • Income-Contingent Loan Repayment
    • income-elasticity of demand
    • income-equity fund

    All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.