Steps for Online filing of income tax returns

With more easy access to the Internet, many people prefer filing returns online. Out of around 4 crore income tax (I-T) returns last financial year, 1.65 crore were filed online. From assessment year 2012-13, e-filing is mandatory for those with annual income of more than Rs 10 lakh.

E-filing with digital signature is mandatory for those with business income of Rs 1 crore or more and professionals with income of Rs 25 lakh or more. E-filing is now mandatory for individuals and Hindu Undivided Families whose accounts have to be audited under Section 44AB of the Income Tax Act. For companies, e-filing with digital signature is mandatory. Let’s take a look at steps for filing returns online using the I-T department website:

1. Select appropriate tax return form here: https://incometaxindiaefiling.gov.in/portal/selectforms.do

2. Download the relevant Excel spreadsheet.

3. Fill your tax return form offline and save the XML file generated by the software.

4. Register with http://incometaxindiaefiling.gov.in

5. Log in and click the relevant form on the left panel and select “Submit Return”

6. Now upload the XML file and print the acknowledgement/ ITR-V Form. (Don’t have a
printer at home? Save the document in the PDF format and get a printout.)

7. If the return includes digital signature, the process is over. Else, you get a verification form (ITR-V ). Sign it and mail it to ‘Income Tax Department – CPC, Post Bag No – 1, Electronic City Post Office, Bengaluru – 560100, Karnataka’ by ‘Speed Post’ or ordinary post within 120 days of submitting the return.

8. Once the tax department receives the physical copy of the ITR-V form, you will get an acknowledgement over email.

How legal is your Digital Signature Certificate in India?

Digital Signature Certificate (DSC) in India? India has the Digital Signature Legislation in place. This Act grants digital signatures that have been issued by a licensed Certifying Authority in India the same status as a physical signature. The Information Technology Act, 2000 provides for use of digital signatures on the documents submitted in electronic form in order to ensure the security and authenticity of the documents filed electronically.