The new concept of updated ITR was introduced in Union Budget 2022. The new provision allows taxpayers to rectify errors or omissions on their ITRs within two years of filing the returns, albeit with payment of additional taxes.
How To File ITR?
Every salaried individual whose pay exceeds a specific income slab is required to pay tax to the government annually. Income tax is imposed based on a slab system, which means, different tax rates are applicable to different income ranges. Tax rates keep rising with an increase in a taxpayer’s income. Since the majority of earning individuals file the ITR-1 form, it is important for them to know about the essential documents they must keep handy during the ITR filing.
How To File Income Tax Return In Partially Online And Partially Offline Mode
In order to file income tax returns through the ITR-1 form in a partially online and partially offline mode, the taxpayer needs to download the pre-filled JASON file and use the JSON utility to fill in one’s income details for FY22. After this, the taxpayer needs to upload the filled JASON form on the income tax e-filing portal – incometax.gov.in – to complete the ITR filing process.
The last date for ITR filing and revised ITR filing is same i.e. 31st December 2022.
Time limit for verification of ITRs filed before July 31
For returns filed before July 31, the time limit for verification of ITR is up to 120 days from the date of filing. However, the tax department reduced it to 30 days from the date of filing if the return is filed on or after 1 August.
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THE PROCESS OF ELECTRONICALLY FILING INCOME TAX RETURN, THROUGH THE INTERNET, IS KNOWN AS e-FILING
WHO CAN e-FILE?
Individuals
HUF
Companies / BOI / AOP / Firms / Trusts / Local authorities / Artificial juridical person
External Agencies
Tax professionals – Chartered Accountants
Tax Deductors and Collectors
Electronic Return Filing Intermediaries
ADVANTAGES OF e-FILING
ANYWHERE – ANYTIME FILING
EASY, FAST AND SECURE
FASTER REFUNDS
VALUE ADDED SERVICES LIKE
TRACKING OF REFUNDS, 26AS VIEW,
E-MAIL AND SMS ALERTS,
REGARDING STATUS OF
PROCESSING AND REFUNDS
IMMEDIATE ACKNOWLEDGMENT
24/7 ONLINE SERVICE
DEDICATED HELPDESK TO SUPPORT
THE QUERIES OF ASSESSEES
IMPORTANT FUNCTIONALITIES ON THE e-FILING PORTAL
HERE ARE A FEW STEPS ON HOW YOU CAN FILE ONLINE:
ONLINE e-FILING PROCESS(ITR 1 & ITR 4)
LOGIN TO THE e-FILING PORTAL AND GO TO ‘e-FILE’–> ‘FILE INCOME TAX RETURN’
SELECT THE “ASSESSMENT YEAR”, “ FILING TYPE”, ITR TYPE, SUBMISSION MODE SELECT STATUS
CONTINUE IF YOU ARE SURE ABOUT THE ITR TYPE OR YOU CAN CLICK ON “PROCEED” TO HELP FIND YOUR ITR
SELECT REASON FOR FILING & FILL THE APPLICABLE FIELDS OF THE ITR
SELECT VERIFICATION MODE
FILL ALL THE APPLICABLE FIELDS IN THE ITR
ENTER EVC/OPT FOR e-VERIFYING YOUR ITR (OR) SEND THE SIGNED ITR-V TO CPC FOR VERIFICATION
e-FILING OF ITR IS NOW COMPLETE
OFFLINE e-FILING PROCESS
GOING COMPLETELY ONLINE CAN BE DIFFICULT, ESPECIALLY WHEN YOU HAVE MULTIPLE FORMS WITH A LOT OF DATA AND LABORIOUS CALCULATIONS. SO TO EASE YOU IN, THE OPTION TO DOWNLOAD AND THEN UPLOAD A COMPLETED FILE, WITHOUT THE FEAR OF ‘SESSION’ TIME OUT’ IS ALSO PROVIDED.
HERE’S HOW YOU GO ABOUT THE PROCESS:
DOWNLOAD THE APPLICABLE JSON UTILITY FROM THE e-FILING PORTAL
GO TO ‘DOWNLOADS’ -> INCOME TAX RETURNS
DOWNLOAD UTILITY
FILL ALL THE APPLICABLE FIELDS IN THE ITR UTILITY AND GENERATE JSON FILE
LOGIN TO THE e-FILING PORTAL AND GO TO go to E-FILE-> INCOME TAX RETURNS-> FILE INCOME TAX RETURNSE
SELECT THE “ASSESSMENT YEAR”, “FILING TYPE”, ITR TYPE, SUBMISSION MODE
UPLOAD THE GENERATED JSON FILE
ENTER EVC/OPT FOR e-VERIFYING YOUR ITR (OR) SEND THE SIGNED ITR-V TO CPC FOR VERIFICATION
e-FILING OF ITR NOW COMPLETE
e-VERIFICATION
ONCE YOU’VE SUBMITTED YOUR ITR, IT IS IMPORTANT TO VERIFY THE SAME, IN ORDER TO COMPLETE THE FILING PROCESS. e-VERIFICATION IS THE EASIEST WAY OF VERIFYING YOUR ITR, AS IT SAVES YOU THE EFFORT OF SENDING SIGNED ITR-V TO CPC BENGALURU.
HOW TO e-VERIFY
YOU CAN e-VERIFY USING
ELECTRONIC VERIFICATION CODE
AADHAAR OTP OR
BY LOGGING IN THROUGH NET BANKING. EVC MAY BE OBTAINED USING A PRE-VALIDATED BANK ACCOUNT OR A PRE-VALIDATED DEMAT ACCOUNT.
USING DSC
HERE ARE A FEW SIMPLE STEPS TO COMPLETE THE PROCESS:
Login to e-Filing portal and go to ‘e-file’–> ‘Income Tax Return’ –> ‘e-Verify Return’
Click on the ‘e-verify’ link available against the ITR which is to be e-Verified
Select e-Verification, mode as applicable
Enter EVC/OTP for e-Verifying your ITR
e-Verification of ITR is now complete
e-PROCEEDING
GETONLINE AND
GET ON WITH LIFE.
e-Proceeding is an electronic platform for conducting proceedings in an end-to-end manner.
All the notices/intimations/ letters from the department are made available under e-Proceedings, where the assessee would be able to view and submit the response, along with attachments, by uploading the same on the e-Filing portal. This will not only reduce compliance burden on the assesses substantially, but also enable safe storage and tracking of all e-submissions made by the assessee, and make the entire process paperless.
e-FILING VAULT
To shield your e-Filing account against any fraudulent activity or unauthorised access, e-Filing Vault adds a second level of authentication which ensures higher degree of security, compared to a simple user ID and Password.
Higher security options are available for e-Filing Login and Reset Password, through the following options.
NET BANKING
AADHAAR OTP
DIGITAL SIGNATURE
CERTIFICATE (DSC)
BANK ACCOUNT EVC
DEMAT ACCOUNT EVC
THE GRIEVANCES CELL
A single window to raise all your grievances through the e-Filing portal. This window enables taxpayers to address any concern that arises during the filing process or after.
THE GRIEVANCES CELL SUPPORT TEAM
A. Assessing Officer (ITO/ACIT) or Supervisory Hierarchy
B. Centralized Processing Center for TDS returns (CPC-TDS)
C. Centralized Processing Center for Processing Status (CPC-ITR)
D. e-Filing Website Team
E. NSDL
F. Directorate of Systems
G. UTIITSL
YOU CAN RAISE GRIEVANCES THROUGH HOEPAGE– FOOTER — GRIEVANCES OR POST LOGIN THROUGH GRIEVANCES- SUBMIT GRIEVANCES
According to the section 159 of the Income Tax Act, 1961; where a person dies, his legal representative shall be liable to pay any sum which the deceased would have been liable to pay if he had not died, in the like manner and to the same extent as the deceased. The legal representative of the deceased shall, for the purposes of this Act, be deemed to be an assessee.
Income Tax return of deceased person can be filed by the legal heir/executor of the deceased person. To file the ITR the legal representative/executor has to get register as Legal heir on e-filing on portal.
The legal heir has to login on e-filing portal and follow the below steps:
Go to My Account Tab & then click on register asrepresentative.
Select request type as New request and then select category to register as “Deceased (Legal Heir)” & then click on proceed.
Fill the details -PAN of deceased, Surname, Middle Name and First Name of deceased and date of death. Then enter bank details of legal heir. Attach the copy of PAN card of deceased, Copy of PAN card of legal heir, copy of death certificate, and copy of legal heir proof as per the norms mentioned in e-filing portal.
The click on submits.
Attach a Copy of Legal Heir Proof from the below list:
Legal Heir Certificate issued by Court of Law /Local Revenue Authority.
Surviving family member certificate issued by the Local Revenue Authority.
Family Pension certificate issued by Central/State Government.
Registered will.
Letter issued by the banking or Financial Institution in their letter head, with official seal and signature mentioning the particulars of nominee or joint account holder to the account of the deceased at the time demise.
Copy of the order passed in the name of the deceased (Mandatory only if the reason for registration is ‘Filing of an appeal against an order passed in the name of deceased’).
Copy of the order /notice (Mandatory only if the reason for registration is ‘Filing of return of income/form of period in which deceased was alive through condonation request’ (or) ‘A notice/order received from Income Tax Department in the name of the applicantfor compliance on behalf of a deceased’)
Request will be sent to the e-Filing Admin for approval. The e-Filing Admin will check the authenticity of the request details and may Approve/Reject the request and Upon Approval/Rejection, an e-mail and SMS will be sent to the user who raised the request.
How to file ITR deceased after registration of legal heir?
Once, the legal heir request is approved, legal heir has to login to efiling portal.
You can click on “Upload Return” under e-file tab.
Select the PAN of the deceased person & applicable ITR form to upload.
Select applicable Assessment year & upload XML file.
As a legal heir you can digitally sign the ITR of the deceased or can everify the return.
Only once the ITR can be filed from the legal representative. If the income still continues to arise then Legal heir has to file for the estate PAN.
Documents to apply for the estate PAN:
Deceased person death certificate.
Agreement of estate.
Representative Assessee Id proof and address proof.
Once the estate PAN is arrived, again it is to be registered from the legal heir.
Login to e-filing portal then go to authorize another person to act on behalf of self or register to act on behalf of another person.
Select New Request type.
Select register to act on behalf of another person.
Then select estate of deceased.
Enter estate of deceased PAN, Name, Date of incorporation of estate of deceased.
Then enter PAN of deceased, Surname, Middle Name, First Name, and date of death of deceased.
Attach & upload copy of PAN card of the estate of deceased, copy of PAN card of the executor, court order appointing executor or will of the deceased in which executor particulars have been furnished or written agreement of survivors appointing the executor & copy of death certificate and then click on submit.
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The last date to fill the ITR is 31 December. According to the Income Tax Department, 1,46,812 ITRs have been filed till 12 noon today. Of this, 55,823 returns were filed in just one hour. Explain that the government has extended the deadline for filing income tax returns several times this year.
Here's a look at the daily statistics of Income Tax Returns filed today. 1,46,812 #ITRs have been filed upto 1200 hrs today & 55,823 #ITRs filed in the last 1hr. For any assistance pl connect on https://t.co/3vqY9TK4jo. We will be glad to assist!@nsitharamanoffc@Anurag_Office
If the return is filed after December 31, the taxpayer will have to pay a late fee of Rs 10,000. Taxpayers whose income is not more than 5 lakhs, they have to pay only 1000 rupees as late fee.
