Filing an income tax return (ITR) does not have to be a time-consuming task. You don’t always have to rely on an expert or be concerned about meeting deadlines. We can now file our taxes electronically. E-filing is the process of filing taxes online. It is a simple task that can be completed from the comfort of your own home or office in a matter of minutes. Tax HelpDesk can assist you with this; you can complete your ITR online filing at any time and from any location. Tax HelpDesk is your one-stop shop for all income tax-related services, as well as exceptional income tax consultation. Let’s take a look at the blog to find out more.
Simple Online ITR Filing Procedures
The Income Tax Act of 1961 requires every individual with an income (service or business) to file an ITR if they do not fall into one of the exempt categories. Individuals are required to declare their income, expenses, tax deductions, investments, and taxes, among other things. In a variety of situations, this act requires a taxpayer to file an income tax return.
An income tax return, according to the regulations, is a form that is filed to disclose a taxpayer’s annual income. If a taxpayer overpays taxes while claiming tax deductions, for example, he or she may be eligible for an income tax refund. You will receive your refund in less than three weeks if you use the online method. If you use direct deposit, it will be even faster.
Before you begin ITR online Filing, you must assess your income in accordance with the applicable income tax laws.
Procedure for Filing ITR Online in Steps
With Tax HelpDesk, you can complete your ITR online filing in six simple steps:
- Choose the service you require.
- Sign up for/login to your Tax HelpDesk account to create your account.
- Make the necessary payment.
- Any papers that have been requested should be uploaded.
- Keep an eye on your application’s status, and your order will be completed.
- TaxHelpdesk’s document review specialists will review the documents you provided within 24 working hours of placing your order.
After the paperwork is reviewed, your request will be assigned to a Tax Expert who will handle it. You will also be able to check the status of the order on your assigned account. You can also choose a fantastic income tax consultation service.
Documents Necessary for ITR Filing
Before beginning the ITR filing process, it is critical to gather all necessary documentation. It will help you calculate taxes and deductions and will come in handy when uploading. The following documents should be kept on hand at all times:
Salary slips PAN card Aadhar Card
Passbooks for bank and post office savings accounts, as well as PPF accounts
Form-16 – TDS certificate issued by your employer detailing your salary and any TDS deducted. Bank and post office interest certificates
Form-16A, if TDS is deducted on payments other than salaries, such as interest from fixed deposits, recurring deposits, and so on, that exceed the stated limits under current tax rules, depending on your occupation.
You must obtain Form-16B from the buyer if you have sold a property. Furthermore, the TDS deducted from the amount received from you is shown.
Form-16C from your renter to provide information on the TDS, if any, deducted on the rent you received.
Consolidated Annual Tax Statement (Form 26AS) It contains all of the tax information that has been deposited against your PAN.
a) TDS deducted by your employer
b) TDS imposed by banks
c) TDS collected from payments made to you by any other organisation
d) In advance taxes paid by you
e) You have made self-assessment tax payments.
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