2. E-filing of Income tax return
for salaried persons
By :- Dr. Yogesh V. Torawane
Pratap College Amalner (MAHARASHTRA)
3. E - Filing is a system for submitting tax
documents to the Income tax department through
the internet or direct connection, usually without
the need to submit any paper documents. “e - File
is the term for electronic filing, or sending your ITR
from tax software via the Internet to the tax
authority”.
Definition of E-filing
4. Electronically submitting tax returns is faster, more convenient, &
more secure than paper filing. One of the foremost benefits of
electronic filing is the facility of anytime/anywhere filing. We can
also submit returns by using Internet on Mobile.
These are the benefits of e-filing:
Convenience:- One can electronically file return 24 hours a day, 7
days a week.
Accuracy:- Electronic filed returns have less errors than paper
returns.
Direct Deposit:- One can have refund direct deposited into
his/her bank account.
Proof of Filing. An acknowledgment is issued when returns is
received and accepted.
Benefits of E-filing
5. Types of Income Tax Return Forms
ITR 1: This form is applicable for an individual who has no income other than
Salary/ Pension and Interest.
ITR 2: This form is applicable for an individual who has income under different heads
but not business /profession income.
ITR 3: This form is applicable for an individual who is partner in a partnership firm .
ITR 4: This form is applicable for an individual who has income from
business/profession.
ITR 5: This form is applicable for a Firms, AOP, Local Authority.
ITR 6: This form is applicable for a Company.
ITR 7: This form is applicable for a Trust.
32. After confirmation select submit tab
and then your Income Tax Return will
get submitted.
The site will generate
acknowledgement namely ITR-V
download the same and give
confirmation to ITD by signing the
ITR- V or digitally verifying the same.
33. You can download ITR - V,Complete
filled ITR – 1, Receipt of ITR-V
35. References
* Power point Presentation from Slide Share by Mr.Kapil R.Ranadal
* Power point Presentation from Slide Share by Dr.Rocky Kumar
*https://www.google.com/search?rlz=1C1CHBF_enIN867IN867&biw=1366
&bih=576&tbm=isch&sxsrf=ACYBGNQs7tgQJZrUh7Yk_9HII-t
* https://www.incometaxindiaefiling.gov.in