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EVC – INSTEAD OF ITR-V Income tax Return E-Filing & do not need to send

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(EVC) INSTEAD OF ITR-V Income tax Return E-Filing do not need to send the ITR-V by Post

Filing of income tax return meaning

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Government is trying hard to go green but the necessity of sending signed ITR-V form to Bangalore was becoming an obstacle to make e-filing process completely paperless. Digital Signature has already been mandated for the companies to file and verify their returns but individuals were given an option to sign the physical copy of ITR-V and send it to CPC, Bangalore.

Government has come out with the Electronic Verification Code for verifying the income tax return to get rid of this last piece of paper and make the e-filing process completely paperless. Now, you just have to put an EVC after filing your return and you are done with e-filing, no need to send signed ITR-V to CPC, Bangalore within 120 days’ time frame.

What is Electronic Verification Code (EVC)?

Electronic Verification Code (EVC) is a 10 digits alpha numeric code to verify your income tax return and can be generated via various methods. Let’s see the features and usage of Electronic Verification code to e-verify your income tax return.

  • EVC is a 10 digit alpha numeric code which would verify the identity of the person filing the income tax return.
  • The EVC could be used to verify ITR 1 (Sahaj) / ITR 2 / ITR 2A / ITR 3 / ITR 4 /ITR 4S (Sugam).
  • EVC would be unique and can be used only with the PAN of the person furnishing the income tax return. This means one EVC for one PAN.
  • One EVC can be used to validate only one ITR whether it is original or revised return.
  • The EVC remains valid for 72 hours but can be generated various times through various modes.
  • In case the tax returns are already filed or uploaded, the verification needs to be done within 120 days of filing of return.

How to Generate Electronic Verification Code (EVC)?

CBDT has notified four methods to generate Electronic Verification Code (EVC). Before proceeding to generate EVC please ensure that the mobile number and email address registered with the CBDT is accessible by you.

1. Generate EVC through e-filing website

I consider this as the simplest method because you just need to click few buttons and you will get EVC on your mobile and registered email.

But this method is only available if your salary income is up to Rs.5 lacs and you are not claiming any tax refunds.

  • Simply login to your account with PAN number as user id and your password.
  • Click on the e-file tab and select Generate EVC as shown in the image below:
  • You would then receive EVC on your registered mobile number as well on your registered email address.Put the code in the box on the screen and the process of e-filing gets completed.

    2. Generate EVC through Linking Aadhaar Card with PAN

    Before generating EVC through Aadhaar Card, make sure that your mobile number should be registered with your aadhaar. (I faced this problem generating EVC).

    How to link your aadhaar with PAN?

    After login, you would see “Profile Settings” Tab besides downloads. Click on it and a drop-down menu would appear, select Link Aadhaar with PAN.

    Fill in the required details and click on Link Now to complete the process.

    Next Step would be to generate EVC and for that you have to select “I would like to generate Aadhaar OTP to e-Verify my return” at the time of e-verifying your tax return.

    3. Generate EVC through Bank ATM (Automatic Teller Machine)

    For this option you have to use the ATM card of the bank which is registered with the IT department. You can generate EVC by selecting “generate EVC for ITR filing” appears on the ATM Screen. The EVC would be sent to your registered mobile number with Bank.

    4. Generate EVC through Net Banking Facility

    Generating EVC using Net Banking requires you to route your process of e-filing through the bank which is registered with IT Department. You would have to login into your net banking account and seek the redirection to income tax e-filing website where you can generate EVC. The EVC would be sent to your registered mobile number with Bank.

    This option requires a valid PAN to be linked with your Bank account as per KYC norms and ITR should be for same PAN number.

    How to use Electronic Verification Code (EVC) to verify Income Tax Return?

    Electronic Verification Code (EVC) for e-verification process of Income Tax Return can be used while:

    1. Uploading of Return using Net Banking
    2. Uploading of Return without using Net Banking
    3. For already Uploaded Return

    1. In case you are Uploading Tax Return without using Net Banking than as soon as you are finished with uploading of return, a screen having following options would popup:

    • Option-1 – “I already have an EVC and I would like to Submit EVC”
    • Option-2 – “I do not have an EVC and I would like to generate an EVC”
    • Option-3 – “I would like to generate Aadhaar OTP to e-Verify my return”
    • Option-4 – “I would like to e-Verify later! I would like to send ITR-V”

    You can use any one of the above options (1 to 3) to e-verify your Income Tax Return and download the Acknowledgement (No Further action required).

    Option 1 requires you to put the EVC you have already generated and then download the Acknowledgement (No Further action required).

    Option 2 requires you to generate EVC either through AMT or E-filing website.

    Option 3 would use generating EVC through Aadhaar Card (As described above).

    Option 4 would means you don’t want to use the new method of EVC and would like to go with the old method of ITR-V signing and sending it to CPC Bangalore.

    2. In case you have routed to e-filing website through net banking account then after you finish uploading tax return three options would be shown on your screen:

    • Option-1 – “I would like to e-Verify my return now”
    • Option-2 – “I would like to generate Aadhaar OTP to e-Verify my return”
    • Option-3 – “I would like to e-Verify later! I would like to send ITR-V”

    You can use any one of the above options (1 and 2) to e-verify your Income Tax Return and download the Acknowledgement (No Further action required).

    Option 1 would simply need you to confirm the verification of ITR by clicking on “Continue” button. Download the Acknowledgement (No further action is required).

    Option 2 remains same as in above case and ECV would be sent to your registered mobile number.

    Option 3 would be old method of ITR-V signing.

    3. Verification of Already Uploaded Returns requires you to verify them within 120 days of submission or uploading by following below mentioned steps:

    • Login to your income tax e-filing website.
    • Click on e-file button and select e-verify in the drop-down menu.
    • Remember: E-Verification of Income Tax Return through Electronic Verification Code (EVC) is available from the current assessment year i.e. 2015-16 (F.Y. 2014-15). If you are filing belated return of the last previous year u/s 139(4) or filing revised returns for past years u/s 139(5) than you would have to follow the old method of ITR-V signing and sending it to CPC, Bangalore within 120 days of filing of return.

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Estimate Your 2017 Tax Refund with the 2016 Return Calculator, what is the tax return.#What

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Estimate Your Tax Refund – 2018 Tax Calculator for 2017 Tax Return

First, estimate your 2017 Tax Return below.

Select your tax return filing status. Help me

Single taxpayers who can claim a dependent may be eligible for the Head of Household filing status, which will provide more tax benefits. Learn more

Your personal exemptions have been selected below. Add/change selections as needed.

Single taxpayers who can claim a dependent may be eligible for the Head of Household filing status, which will provide more tax benefits. Learn more

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Tax Credits Help Me

The Child Tax Credit is nonrefundable; if your credit exceeds your tax liability, your tax bill is reduced to zero and any remaining unused credit is lost. However, you may be able to claim a refundable Additional Child Tax Credit for the unused balance. You can find out if you’re eligible for this refundable credit by completing your return on efile.com.”>

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It looks like you will receive a tax refund this year, based on the infomation entered. If you are ready, go ahead and efile your tax return now.

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Based on the information you entered, it appears that you may owe additional tax to the IRS. You may have overlooked some ways that you can reduce your tax liability. Learn more about tax deductions and tax credits. If everything entered here is correct, you can get started your tax return.

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Enter your email address and receive your Tax Estimator results, plus any promo codes and other specials we offer.

What is the tax return

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If you need to make changes, please use the tabs on top or click “Edit” next to some of the categories.

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This free efile.com tax calculator lets you select a tax income filing status and enter your W-2 and other income, tax deductions, tax credits, and other tax information. Based on this tax information you can calculate and estimate your tax refund or tax payments.

The efile.com tax calculator is based on IRS tax code, tax tables and tax rates and is subject to change without previous notification.

This tax software is a self-help tool for free independent usage. By using this tax calculator you agree that efile.com is not acting as your tax adviser. Furthermore you acknowledge, that efile.com does not guarantee the accuracy of this tax calculator nor its applicability in regards to your personal financial circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal financial issues.

This tax calculator service is provided “as is,” without warranty of any kind, either express or implied, including without limitation, any warranty for information, data or services.

Don t let your tax return take you by surprise! Estimate your taxes before you prepare your 2017 Tax Return. Find out if you will owe taxes or how much of a tax refund you will get in 2018. Estimating your taxes before you file your tax return is an essential part of tax planning, so start estimating now with the 2017 Tax Refund and Tax Return Calculator above.

How to Estimate Taxes with the 2018 Tax Calculator

To begin estimating your taxes with the tax calculator, select your filing status. Then click the blue “Next” button and choose your exemptions for yourself, your spouse, and your dependents. After you enter income information you can enter your tax deductions and tax credits. When you are finished in each section, go on to the next one.

You can track the estimate of your tax refund as you go; the amount of your tax refund (or amount due) is always displayed on the top right of the tax calculator.

The 2018 Tax Calculator will estimate your 2017 Tax Return and any tax refund you will receive in 2018. This calculator will be updated frequently as the IRS releases the latest figures for Tax Year 2017. Efile.com offers the use of this tax calculator free of charge. Please contact us if you have any comments or questions about the 2018 Tax Calculator.

Tax Calculators for Previous Tax Years

Tax Rates by Tax Year

1 The User Terms and Conditions for this efile.com Federal Tax Return Tax Calculator and Tax Estimator constitutes your agreement to the following Agreement. This tax calculator is only an estimator tax tool and should only be used to calculate and estimate your 2017 tax year or 2018 tax return tax refund or tax liability. This tax calculator is not intended as an online tax preparation tool for a federal income tax return. Please only use this tax calculator as an estimator for your personal tax refund or tax liability; any other use is strictly prohibited. Tax Information entered into the efile.com tax calculator is not stored or saved on a server or your computer s disk drive, nor is the tax data stored or transmitted anywhere else.

* Some of the deductions entered are applied to what would be your itemized deduction. The calculator will display the itemized deduction total if it is larger than the standard deduction.

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Etax Tax Return 2017: Online tax returns are easy at, what is the tax return.#What

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Etax.com.au – The fast easy way to do your 2017 tax return

How to start your online tax return:

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Enter Your Details Etax helps you find deductions

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Sign Your Etax Return

Here s what happens at Etax, after you re done:

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Etax Checks Your Tax Return and looks for extra deductions to boost your tax refund

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A Second Accountant Reviews Your Tax Return for accuracy and ATO Compliance

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They complete your tax return and lodge it with the ATO

Australia’s highest rated tax return

Etax user reviews mention Etax service and support, the great online tax return form, prefill and deduction tips, getting a better tax refund, and the comfort of knowing your tax return was done right. The ratings speak for themselves!

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Why do your tax return at Etax.com.au?

  1. Deduction tips help boost your ATO tax refund.
  2. See What You Claimed Last Year: Saves you time and helps you remember important deductions.
  3. Tax Assistant can do half of your tax return for you!
  4. Mobile Friendly. You can even log in on mobile, click the attach buttons and snap your PAYG. So easy.
  5. Support: Connect with a friendly, qualified accountant on live chat or phone.
  6. No Appointments, no travel to a tax agents office, low fees, and still get expert checking and advice. Access your account 24/7 from wherever you are.
  7. Less reading, less clutter.
  8. Your Etax online tax return is checked twice by qualified accountants for accuracy and extra deductions. (A higher level of support and service than many tax agent offices.)
  9. Someone who’s on your side. Etax is YOUR tax agent. You don’t have to go it alone with the ATO.
  10. Most people finish their tax return in just minutes!

What is the tax return

What s the best way to do my tax return?

Etax constantly surveys users. We ask for your feedback, ratings and suggestions.

Why? Well, we really want to be the best at what we do. So, our team of tax accountants and software experts work all year round, trying to make the tax return easier, and to improve Etax service and support.

That all happens based on the kind, thoughtful, valuable feedback we receive from Etax users.

What is the tax return

Here s what people say about Etax

We also just ask if people are happy.

In our July survey, 98 per cent of people said they re so happy with Etax, they will recommend it to friends and family when they do their tax return.

But that doesn t mean our job is done. Our team at Etax honestly works non-stop trying to make it all work better for everyone. We don t want to leave anyone behind, because everyone deserves a fair tax refund and good tax agent service for a fair price.

What is the tax return

How do most Australians do their tax return?

The ATO confirms that now over 74 per cent of taxpayers prefer to use a tax agent like Etax.com.au to lodge their tax return.

This has been almost unchanged for years, in spite of ATO marketing that tells us we should do it ourselves with ATO myTax. Why doesn t everyone go it alone with myTax? Because we are all free to get tax help from someone who s on our side.

Australia’s Inspector-General of Taxation told a parliamentary committee, There is something to be said about having somebody independent looking at your (tax) affairs and helping you with that.

“People want assurance that they have paid the right amount of tax—not too much or too little.”

What is the tax return

The Inspector General also said, “ frankly, I think every citizen is entitled to independent advice. They should not be getting all their advice from the tax office.”

You can get the confidence of tax agent support and checking, with online convenience and saved time, at Etax – the leading online tax experts in Australia. Plus, the low “once-per-year” fee is also tax deductible!

A Tax Return For Every Australian

Everyone who earns money in Australia needs to do a tax return. From students to retirees, graduates to CEOs, just starting all the way to landlords and investors, Etax is here to serve almost any Australian. Etax makes tax returns easy.


How to Self E-file Your Income Tax Return – NDTV Profit, e file income tax

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How to Self E-file Your Income Tax Return

E file income tax return

If complex tax forms and tax terms bewilder you, let’s break down your return filing process in segments. By taking these small, careful steps, you will be on a roll with your return filing this year.

Form 16 is a certificate your employer gives you when the TDS deducted on your salary is certified. Form 16 has most of the information you need to fill in your return. PAN and TAN details of your employer, name and address of your employer and similar details for you are mentioned which have to be filled in the return. You will see a number which is your ‘total taxable salary’ and that is the number you will have to pick to submit under the head salary in your return. Several tax filers allow you to upload your Form 16 and with that all this information gets picked up automatically in your return.

Most of us earn a savings bank account interest or have some fixed deposits put away. This interest earned has to be added to your return under income from other sources. Get hold of your bank statement or look up online for credits to your account by the bank towards interest in your savings account. Most online banks also show a fixed deposit statement, where you can see the interest earned during the year. If you have any other bonds you subscribed to, where interest is accumulated, add this interest to your return. As a thumb rule, offer interest income on deposits and bonds when it is accrued each year, rather than when it is paid on maturity.

Deductions are allowed from your gross income under sections 80C to 80U. With the help of these deductions, you will be able to reduce your gross income and consequently pay lower tax. You will find these in your form 16. However, if you are eligible to claim certain deductions and you have not disclosed them to your employer, you can claim them at the time of filing your return. Say, if you deposited Rs 40,000 in PPF and could not share this with your employer or paid life insurance premium about which you could not intimate your employer; claim them in your return. Medical insurance premium payments are eligible to be claimed under section 80D and 80G; provided you meet the conditions listed in the relevant sections.

Whatever TDS has been deducted from your various incomes by employer, banks or anyone can be reduced from your total tax liability. After all, this is the tax which has already been deducted from your income and deposited against your PAN. Goes without saying, including the income in your return on which TDS is deducted is essential. You can find out details of all the TDS deducted in your Form 26AS. If you have yourself deposited some tax to the government, you’ll be able to find that information in it too.

Your PAN, email address, bank account details (mention the account where you want to receive refund, whether or not any refund is due), and all the other information must be accurately provided by you in your income tax return. Allocate some time to review it properly.

Once you have done the above, now review your entire income tax return form. Remember if there is tax due, you have to first pay that tax and only then you can e-file successfully. Make the payment of any tax that is due. Review incomes, deductions, TDS and other information. You are now ready to e-file your return.

Sending your ITR-V is a critical and important step to conclude successful e-filing. It has to be printed out, signed and sent to CPC, Bangalore via speed post. The income tax department is working on a process to verify it via ‘Aadhaar’, details are awaited shortly. Don’t miss this very important step.


Income Tax Return – Bureau of Internal Revenue, income return.#Income #return

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    Annual Income Tax Return for Individuals Earning Purely Compensation Income (Including Non-Business/Non-Profession Income)

    This return shall be filed by every resident citizen deriving compensation income from all sources, or resident alien and non-resident citizen with respect to compensation income from within the Philippines, except the following:

    1. An individual whose gross compensation income does not exceed his total personal and additional exemptions.

    2. An individual with respect to pure compensation income, as defined in Section 32(A)(1) derived from sources within the Philippines, the income tax on which has been correctly withheld (tax due equals tax withheld) under the provisions of Section 79 of the Code: Provided, that an individual deriving compensation concurrently from two or more employers at any time during the taxable year shall file an income tax return.

    3. An individual whose income has been subjected to final withholding tax (alien employee as well as Filipino employee occupying the same position as that of the alien employee of regional or area headquarters and regional operating headquarters of multinational companies, petroleum service contractors and sub-contractors, and offshore banking units; non-resident alien not engaged in trade or business).

    4. A minimum wage earner or an individual who is exempt from income tax.

    This return is filed on or before April 15 of each year covering income for the preceding taxable year.

    Annual Income Tax Return for Self-Employed Individuals, Estates and Trusts

    BIR Form No. 1701 shall be filed by individuals who are engaged in trade/business or the practice of profession including those with mixed income (i.e., those engaged in the trade/business or profession who are also earning compensation income) in accordance with Sec. 51 of the Code, as amended. The annual income tax return summarizes all the transactions covering the calendar year of the taxpayer.

    This return shall be filed by the following individuals regardless of amount of gross income:

    1. A resident citizen engaged in trade, business, or practice of profession within and without the Philippines.

    2. A resident alien, non-resident citizen or non-resident alien individual engaged in trade, business or practice of profession within the Philippines.

    3. A trustee of a trust, guardian of a minor, executor/administrator of an estate, or any person acting in any fiduciary capacity for any person, where such trust, estate, minor, or person is engaged in trade or business.

    4. An individual engaged in trade or business or in the exercise of their profession and receiving compensation income as well.

    This return is filed on or before April 15 of each year covering income for the preceding taxable year.

    BIR Form No. 1701Q

    This return shall be filed in triplicate by the following individuals regardless of amount of gross income:

    1) A resident citizen engaged in trade, business, or practice of profession within and without the Philippines.

    2) A resident alien, non-resident citizen or non-resident alien individual engaged in trade, business or practice of profession within the Philippines.

    3) A trustee of a trust, guardian of a minor, executor/administrator of an estate, or any person acting in any fiduciary capacity for any person, where such trust, estate, minor, or person is engaged in trade or business.


How to File Only Your State Income Tax Returns on, e filing income tax return.#E

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How to File ONLY a State Tax Return on efile.com

ATTENTION: Due to a recent policy change by tax authorities (not efile.com and other online tax websites), you can only efile a state tax return with your federal tax return. Though you can prepare your state return on efile.com, you will need to print, sign, and mail it to the state tax agency. We apologize for this inconvenience due to policy change-we do not like it either! We are working on bringing state-only efiling back.

Here are the instructions on how to prepare, print, and mail only your state tax return (the instructions contain images that are not interactive):

How to Prepare, Print, and Mail Only Your State Tax Return

E filing income tax return

If you do not have an efile.com account, create a free account.

E filing income tax return

Sign in and begin preparing your state return. You will start by entering general information.

Basically, you will need to go through the motions of preparing a federal return, but you will NOT have to efile it, and you will NOT have to pay for it. This seems confusing, but you will need to prepare a federal return on efile.com even if you have already filed or efiled a federal return elsewhere. This is because the state return is largely based on the federal return.

E filing income tax return

Once you have completed your state return, click File on the gray left menu and click the green Continue button until you reach the E-filing Your Return screen On that screen, do not click the No thanks, I don t want to e-file my federal return link. This seems contradictory (because you are not filing the federal return), but you will need to keep the Yes, I want to e-file my federal return selection in order to move on to the next step (as shown below).

Before you reach the next step, you will go to a screen describing the additional audit protection service. Since we already offer free audit protection, click the No thanks button so you would not be charge for the service.

E filing income tax return

E filing income tax return

On the Lowest Price Guarantee screen, you will still see a fee for preparing the federal return (if you prepared a 1040-EZ, the federal return will be free and you will not see a fee for the federal return). Please contact efile.com support and one of our Taxperts will give you a special discount code so you are not charged for the federal return.

To enter the code, click on the blue Have a promo code? link, enter it in the box that appears, and click Redeem. You can only enter one promo code, so please do not enter any other discount codes.

Once you enter the promo code, select the Credit/Debit Card option to pay with your credit or debit card and continue to credit/debit card payment screen.

Please note that this code does not make your state return free. Only the federal return will be free. Preparation of state returns is $19.95 (one fee that includes as many state returns as you need).

E filing income tax return

E filing income tax return

If there is no link to your PDF return (or if the PDF has a Not Valid for Filing watermark), you will need to pay for the preparation of your state return in order to generate the PDF and/or remove the watermark (see Steps 3 and 4). However, if you still do not see the PDF link and/or see the watermark after paying for the preparation of your return, click File on the left menu and click the green Continue button until you get to the screen that has the Yes, I d like to create a preview of my return link. Once you click that link, the PDF will be generated and/or updated without the Not Valid for Filing watermark. You ll see a link to the return on the My Account screen.

E filing income tax return

Why Do I Have to Prepare a Federal Return?

In order to prepare state returns, you must also prepare a federal return because almost all of the information for a state return is taken from the federal return.

However, you will NOT have to file your federal return, and you will NOT have to pay for it

We know it may be a hassle to enter federal return information all over again if you have already done so somewhere else, and for that we deeply regret the inconvenience. Because of this, we recommend preparing and efiling your federal return at the same time as your state return(s) on efile.com.

Do I Need to File Returns for Other States?

You generally have to file a tax return for your resident state. However, you may need to file more than one state return if any of the following are true:

  • You resided in more than one state.
  • You moved from one state to another state.
  • You worked and earned income in another state.
  • You had gambling winnings in another state.
  • You had rental income from another state.
  • You had partnership or S-Corp income from a business based in another state.
  • You had income from an estate or trust with interest in a another state.
  • Your employer improperly withheld taxes for the wrong state.

Income Tax e-filing: Here – s how to do it online, The Indian Express, income

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Income Tax e-filing: Here s how to do it online

Income tax e return

The deadline to file your income tax return for 2016-17, for your income in the year 2015-16, has now been extended to August 5, 2016, by the government, because of the strike at public sector banks. The deadline is August 31, 2016 for Jammu and Kashmir, in view of the ongoing turmoil in the state.

The return mandatorily has to be filed if your taxable income is above Rs 2,50,000.

The Revenue Authorities have introduced new reporting requirements for FY 2015-16 for Assets and Liabilities for individuals with income above Rs 50,00,000. In case of this, the individual has to disclose the cost value of all the assets above the specified amount, in the tax form, as well as disclose the debts associated with these assets- land, building, cash-in-hand, jewellery, bullion, vehicles, yachts, boats and any aircraft owned. It is advisable that you retain the purchase receipt of any of these assets.

Here is an easy guide to file your income tax return, online or offline:

The selection of the tax form depends on your source of income.

ITR-1 is for salaried individuals whose source of income is either from a salary or a pension, from house property or from other sources, except for example, winning a lottery. This form should not be used if the individual has multiple house properties, if he/she was income from winning a lottery, income earned from agriculture above Rs 5000, income from a business, or by a tax payer who is filing for double tax relief.

ITR-2A was introduced this year. This form is similar to ITR 1, one of the differences is that if an individual has income from more than one house property, then he/she is to fill out this tax form.

ITR-2 is for individuals who don t have any income from a business/profession.

ITR-3 is for an individual who is a partner in a firm, but this form cannot be used by an individual who is earning income from a proprietorship form.

ITR-4 is for an individual earning income from a proprietorship firm.

ITR-5 and 6 are for companies.

This is a form you get from your employer. If you have changed jobs over the last year, then you will have more than one Form 16. This form has all the information required to prepare your tax return. It has two parts, Part A and Part B.

Other than Form 16, you should also have your bank statements, interest certificates, and your housing loan certificate (in case of housing loan).

Also, download Form 26AS from the e-filing website (http://incometaxindiaefiling.gov.in/). Form 26AS shows the income for which taxes are deducted at source, it is an annual tax credit statement. You can show your actual income in your return and claim the amounts that are taxes deducted at source. These deductions include life insurance, fixed deposits for at least five years, fees paid for children, etc. You should look at your investments and determine which of them can be a deduction.

After completing the tax return forms, it has to be uploaded on the e-filing website. E-Filing of a tax return is compulsory for individuals with income above Rs 5,00,000. Once the return is successfully uploaded, an auto-generated acknowledgement is sent to you. This needs to be verified, either by signing and submitting the acknowledgement, or by submitting it online. It is advisable to do the e-verification. Once this is completed, the process of filing your return is complete.


E – Filing Income Tax Software, Tax Filing Software, e – Filing ITR Software, KDK

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Income tax return filing software

Income tax return filing software

Income tax return filing software

Income tax return filing software

Income tax return filing software

Income tax return filing software

Income tax return filing software

Income tax return filing software

Income tax return filing software

Income tax return filing software

Income tax return filing software

Income tax return filing software

Zen Income Tax Software

Direct E-filing Facility Has Been Provided through Software. User Can Directly Upload The Xml File On The Income Tax Department’s Site Through Software. Further A Facility Of Change Password And Create User Has Been Provided Through Software. User Need Not Log On To Department s Site Manually.

Computation of Foreign Company and Non Residents and Trust has been provided with detailed provisions.

Automatic as well as manual calculation of interest u/s 234A, 234B 234C.

Preparation of Return Forms viz. ITR 1 to ITR 7.

Preparation of Trading, P L Account, Balance Sheet, Multiple Capital Account, and Statement of Affairs.

MIS Reports viz. assesses register, Filed Return List, Pending Return List, Returns to be Prepared, Refund

Cases List, Advance Tax Register, Advance Tax Estimation Report, and Assesses without PAN etc.

Client-wise backup and restore facility.

Online e-Payment of Tax Challans through software directly, no require filling master information.

Facility to Import Data Directly from Tally 4.5/ 5.4/ 6.3/7.2/8.1/9.0, BUSY and from MS-Excel.

Specimen of Qualification in Auditor Report Notes on Accounts and Accounting Policies.

Facility to calculate Defer Tax Liability Assets as per AS-22.

Enables Auto filing of Income Tax Return Form 1, 2, 2A, 3, 4, 4S, 5, 6 and 7 in Hard Copy and Electronic

Format as per the requirement of Income Tax Department for Individuals, HUF, Firms, Companies, AOP, BOI,

Form 49A (PAN Application New-Indian Citizen), Form 49AA (PAN Application New-Foreign Citizen)

Form 49A Correction (Modification in PAN Data) are generated from the master database in the software

in the hard copy and online.

Declaration form for Non deduction of TDS – Facilitates Generation of Form 15H (senior citizens) and

Form 15G (Other Citizens).

Relief Calculator – Calculation of Relief u/s 89(1). Minimum Alternate Tax (MAT) report – Furnishing of

Form 29B enabled.

Advance Tax Calculator for computation of Advance Tax installments.

Facility to generate bills, receipts and bill cum receipts.

Pending fee list and Pending bill list.

Client Ledger and Outstanding.

Various Online Activity (On Income Tax Website)

Navigating widget for logging on to Income Tax India website to directly upload the required XML files.

e-Filing for 10B, 10BB, 29B, 3CEB, 35

Downloading widget facilitates update from email box i.e., downloading of intimation and ITR-V receipt status.

e-payment of Challan obviates need to fill master information, Import TDS entries from Form 26AS.

Facility to know Outstanding Tax Demand, Tax Credit Mismatch, Rectification Request, Filing of Defective

Return, Generation Verification of ITR through EVC.

Statutory Compliance – Financial Statement

Generates Balance Sheet, Profit and Loss Statement in the Revised Schedule VI Format and

Tax Audit Reports – Generates Forms 3CA, 3CB, 3CD and Annexure of Form 3CD.

Company Reports – Generates Auditor’s Report, Director’s Report CARO Report.

Notes to Account Significant Accounting Policies – Enables inputs for notes and accounting policies.

Comparative summary of current year’s and previous year’s computation enabled in a single click.

Tax Planning Tool facilitates adjustment of sequence of current year losses and unabsorbed depreciation.


Income Tax Return – Bureau of Internal Revenue, tax income return.#Tax #income #return

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Tax income return

Tax income return

Income Tax Return

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    Tax income return

    Tax income return

    Tax income return

    Tax income return

    Tax income return

    Tax income return

    Annual Income Tax Return for Individuals Earning Purely Compensation Income (Including Non-Business/Non-Profession Income)

    This return shall be filed by every resident citizen deriving compensation income from all sources, or resident alien and non-resident citizen with respect to compensation income from within the Philippines, except the following:

    1. An individual whose gross compensation income does not exceed his total personal and additional exemptions.

    2. An individual with respect to pure compensation income, as defined in Section 32(A)(1) derived from sources within the Philippines, the income tax on which has been correctly withheld (tax due equals tax withheld) under the provisions of Section 79 of the Code: Provided, that an individual deriving compensation concurrently from two or more employers at any time during the taxable year shall file an income tax return.

    3. An individual whose income has been subjected to final withholding tax (alien employee as well as Filipino employee occupying the same position as that of the alien employee of regional or area headquarters and regional operating headquarters of multinational companies, petroleum service contractors and sub-contractors, and offshore banking units; non-resident alien not engaged in trade or business).

    4. A minimum wage earner or an individual who is exempt from income tax.

    This return is filed on or before April 15 of each year covering income for the preceding taxable year.

    Annual Income Tax Return for Self-Employed Individuals, Estates and Trusts

    BIR Form No. 1701 shall be filed by individuals who are engaged in trade/business or the practice of profession including those with mixed income (i.e., those engaged in the trade/business or profession who are also earning compensation income) in accordance with Sec. 51 of the Code, as amended. The annual income tax return summarizes all the transactions covering the calendar year of the taxpayer.

    This return shall be filed by the following individuals regardless of amount of gross income:

    1. A resident citizen engaged in trade, business, or practice of profession within and without the Philippines.

    2. A resident alien, non-resident citizen or non-resident alien individual engaged in trade, business or practice of profession within the Philippines.

    3. A trustee of a trust, guardian of a minor, executor/administrator of an estate, or any person acting in any fiduciary capacity for any person, where such trust, estate, minor, or person is engaged in trade or business.

    4. An individual engaged in trade or business or in the exercise of their profession and receiving compensation income as well.

    This return is filed on or before April 15 of each year covering income for the preceding taxable year.

    BIR Form No. 1701Q

    This return shall be filed in triplicate by the following individuals regardless of amount of gross income:

    1) A resident citizen engaged in trade, business, or practice of profession within and without the Philippines.

    2) A resident alien, non-resident citizen or non-resident alien individual engaged in trade, business or practice of profession within the Philippines.

    3) A trustee of a trust, guardian of a minor, executor/administrator of an estate, or any person acting in any fiduciary capacity for any person, where such trust, estate, minor, or person is engaged in trade or business.


How to file Income Tax Return Online in India, tax income return.#Tax #income #return

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How to file Income Tax Return Online in India?

Income Tax Act formulated by Indian Government states that those whose total income of the preceding year surpasses the threshold amount which is not chargeable to tax, have to file returns on income tax. Filling for income tax returns is not an easy task. Thus, to make life smooth for people in this hectic schedule, the government has launched e-filing. This helps people to file for income tax in a hassle-free way.

This is a simple process which can be carried easily by those who can work on computer. If not, then there are numerous professionals out there those who can help you so as to file your returns. The best thing about filing Income Tax Returns online is that you can do this according to your wish and comfort. You do not have to take any leave from office just file your income tax returns. All you need to do is to register on the official website of the income tax department. Plus, there are other websites as well that help you to file your returns. You need to note that the due date for filing tax returns in July 31st.

Who can File Income Tax Returns Online?

Filing of income tax returns turns out to be very easy and smooth and is now adopted by most of the assessees.

  • Those who earn Rs. 5 Lakhs and above.
  • Individual/HUF dweller with possessions those are positioned outside the country.
  • In order to submit the proof you need to prepare a comprehensive report of audit which is under the following sections 10(23C) (via), 10(23C) (VI), 10(23C) (v), 10(23C) (IV), 10A, 12A (1) (b), 44AB, 80IA, 80IB, 80IC, 80ID, 80JJAA, 80LA, 92E or 115JB of the Act.

According to Section 11(2) (a), the return filer needs to give a notice to the assessing officer.

  • A firm (falling under guidelines of section 44AB), Cooperative Society, BOI, AOP, Artificial Juridical Person, and Local Authority (ITR 5).
  • An assessee is responsible for producing returns U/S 139 (4B) (ITR 7).
  • If you are a resident of India with signing authority of any account that you are holding outside India.
  • If you claim relief under sections 90 or 90A or the deductions were claimed as per section 91.
  • All companies.

Ways of Filing Income Tax Returns Online:

  • Digital Signature Certificate (DSC) to file your returns online. A chartered accountant is necessarily required in case if you wish to file IT forms with the help of Signature Certificate (DSC).
  • In case if you wish to file online without using DSC, an ITR V form is formed. This form needs to be printed and signed. Then after completing the formalities you need to submit it to CPC, Bangalore. You can do this through speed post or even speed post but make sure it reaches within 120 days from filling your form.
  • While filing returns online there is no compulsion to file it using an E-return Intermediary (ERI) or you can do so without DSC.

Things to Know Before Filing ITR Online

In order to file your tax returns smoothly, you need to keep certain things handy.

Things to Know in Order to Choose the Right Form to Fill

Choosing the right form is a bit confusing as you need to pick out the right form while filing tax returns online. You need to select your Income Tax Return (ITR) forms according to the categories you fall in. These categories are listed in the tabular for below:

Before you file your returns make sure to kook at Form 26AS. This form depicts the total tax that gets deducted from your income and this is deposited by your employer to the IT department.

Make sure that the tax deducted depends on Form 16. This also has to match with the facts in Form 26AS. In case if you fail to file your tax returns without any errors, IT department sends you a notice.

  • Claim 80G, certificates for savings and several other deductions

Extra deductions can be claimed in case if you have not claimed them. Deductions can also be claimed under section 80G if you have made donations to charitable institutions.

  • Interest statement – Interest paid on savings accounts as well as fixed deposits

A deduction for about Rs.10,000 is permissible with the best of the interest earned on your savings accounts. On the other hand, the interest which is levied on bank deposits is a division of the taxable income and thus is taxes are applicable as per the defined rates.

Including the taxes mentioned above, make sure that you posses the following things:

Tax returns submitted in the previous year

  • Bank Account statements
  • Certificates for Tax Deducted at Source (TDS)
  • Profit and Loss Account Statement, Audit Reports, Balance Sheet

In order to file income tax returns online your system needs to have the following:

  • Java Runtime Environment Version 7, therefore you need to Update if the version of your Java is 6 or above

Documents Needed for Filing Tax Returns Online

When it comes to serious things such as tax filing you need to always stay prepared. Mentioned below is the list of documents that you need so as to file income tax returns online:

Reporting House Property Income:

  • Residential Address of your property
  • Credentials of the co-owners along with their PAN credentials and share they hold in the mentioned property.
  • Interest levied on home loan
  • In case if you have an under construction property you need to submit the date of completion.
  • Name of your tenant and the income from the rent, in case if you have rented a home
  • You need to submit the purchase details plus the statement of stock trading in case if selling the shares.
  • If you sell any house or a property, you need to give the details of the selling price, purchase price, registration details and the monetary profit gained.
  • Submit all the details such as your mutual fund statement, debt funds, ELSS, sale and purchase of equity funds, and SIPs.
  • If you have some deposit in the savings account then the interest accumulated from the money from the savings account needs to be reported.
  • If you have a source of income from interest on corporate bonds and tax savings bond then you need to report them.
  • If you have deposits in the post office then you need to report the income earned from that deposit.
  • Form 16 in India
  • Income Tax Slabs and Rates for Assessment Year 2016-17
  • If you do not have internet connectivity then you can fill up the returns form offline and then upon getting the connectivity you can easily upload the XML on IncomeTaxIndiaeFiling.gov.in that happens to be the official website of the government.
  • Then you need to prepare your ITR 1 online and after that submit it.

Steps to File Income Tax Returns Online

You can fill the XML offline and then upload on the official website.

You can even prepare and submit your ITR 1 online.

What all steps you need in order to file Income Tax Returns:

Filing income tax returns online is to remove the complexities of the tax filing process. Therefore, you need to follow these steps mentioned below:

The first step is to visit IncomeTaxIndiaeFiling.gov.in login to the website.

  • Your Permanent Account Number (PAN) is supposed to be your user ID.
  • Look at your tax credit statement or even Form 26AS.
  • The TDS according to Form 16 must match with the details of Form 26AS.
  • You need to click on the income tax return and pick out the financial year.
  • The next step is to download the ITR form that suits you. For instance, if your exempt income is more than Rs.5,000, then you need to select ITR-2 .
  • Make us the software for return preparation such as Open excel utility and make use of Form 16 to fill out the details of your form.
  • Click on the tab that says ‘calculate tax’ in order to know the taxable amount.
  • Pay tax (if any) and enter your challan details.
  • Click on the ‘validate’ tab to confirm all the details mentioned above.
  • Pick up an XML file and save it on your computer.
  • On the portal’s panel you need to find out ‘upload return’ and there you can upload the XML file you saved.
  • You will get a pop-up asking you to sign the file digitally. If you have a digital signature, then select ‘Yes’. In case you do not have a digital signature, select ‘No’.
  • This will generate ITR Verification (ITR-V) that needs to be downloaded.
  • Take out a printed copy of form ITR-V and do signatures on it using the blue ink.
  • You need to send it the Income-Tax Department-CPC , Post Bag No. 1 , Electronic City Post Office, Bangalore, 560 100, Karnataka. You are allowed to use speed post or ordinary post but it must reach just in 120 days of filing the returns.