How to File ITR: The deadline for filing Income Tax Return (ITR) has been fixed by the CBDT on July 31. If you are thinking that CBDT can make any changes in this, then you are wrong. In fact, due to the Covid epidemic last year, the last date for filing ITR was extended several times. If you are employed then it is expected that you must have got Form-16. Even if you haven’t got it, you will get it soon.
File ITR on time
Experts are advising personal tax payers to file their ITR as soon as possible to avoid any kind of haste or disturbance at the last moment. With this you will be saved from any kind of mistakes. Let us know how to file step-by-step ITR by yourself-
How to file ITR?
You have the option of filing ITR through e-filing portal and app or through a chartered accountant. If you are filing ITR by yourself then most of you have to file it online on the website of Income Tax Department.
Documents required for ITR
even if there is a pre-filled ITR form on the e-filing portal. But some income like capital gain needs to be filed manually. Following are some of the important documents that you should keep handy while filing ITR. As-
– Form 16
– Form 16A
– Form 26AS
– Capital Gains Statements
– Tax saving investment proof
Step-by-step file ITR like this
- First of all go to Income Tax e-filing portal.
- Now login using your user ID (PAN), password and captcha code.
- After this, click on ‘Income Tax Return’ in the ‘e-File’ tab.
- Select the right Income Tax Return (ITR) form based on your income and other factors. If you have Form-16, you can use either ITR-1 or ITR-2.
- After this, select the Assessment Year (AY) based on the year you are filing ITR. At present, you should select the assessment year 2023-24.
- Validate all the data entered in the form and click on submit.
- After submitting the return, e-verify it through any of the available options like Aadhaar OTP etc.
- Now upload the e-verify return.
In the last step, double-check all the information given by you and upload the form. Your ITR is not complete until you verify the return. Let us tell you that this time the last date for filing ITR on behalf of CBDT has been fixed as 31 July 2023. In such a situation, complete your work on time this time.
