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How to File IT Returns Online for Free
Jayesh Limaye, Jul 23, 2010 1225 hrs ISTE-filing is the most hassle-free way to file your tax returns
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The "Home" sheet has all the instructions you need to fill the form, and all you need to do is follow them carefully. After filling, you have to validate the data entry on each sheet by clicking on the "Validate" button at the top right. Clicking on "Calculate Tax" button on the "Income Details" sheet will calculate Tax and Interest. Verify the same in Sl no 8 to 15.
Check Sl no 16 on the sheet "Taxes paid and Verification". If the value here is not zero, then pay Self Assessment Tax for this amount. Make Self Assessment tax entry in Sch IT and again click on "Calculate Tax" and verify that amount in Sl no 16 is zero.
Now check the summary data such as Total Income, Tax payable, Interest payable, Taxes paid. After completing the above steps for all the sheets, click on Generate XML from any of the sheets.
You will be shown a preview of the XML sheet of the return, which you can review for any errors. Pay attention to the number of rows entered in the various schedules and repeat the above steps on any modification to the same. When you are satisfied, click on "Save XML" on the Pre XML sheet to save it to the same directory where the excel utility is present. Your returns form is now ready to be uploaded and submitted, but wait, there are still a few more steps to go.
4. Now you must go to Income Tax Department website, where you must register and create a user id/password if you do not already have it. You will need a PAN card number for this. After filling in the registration form, you will be sent a confirmation link to the registered email address, which has to be confirmed in order to proceed. If you already have one, you must login and click on the relevant form on the left panel, then select "Submit Return".
5. Browse to select XML file which was created by you earlier, select it and click on "Upload" button.
6. After successfully uploading the file, acknowledgment details or ITR-V Form will be displayed. Click on "Print" to generate a printout of this. The process ends here if your return is digitally signed.
7. If the return is not digitally signed, then on successfully uploading the e-Return, the acknowledgment cum verification form or ITR-V Form generated must be printed. You must now fill up the verification part and also verify the same. Mail the duly verified ITR-V form "Income Tax Department - CPC, Post Bag No - 1, Electronic City Post Office, Bangalore - 560100, Karnataka, India" by Ordinary Post only, within 120 days of uploading the returns data.
Please note that couriers and registered post are not accepted. You should receive an email from the Income Tax Department acknowledging the receipt of the ITR-V. In case you do not receive this email, you must send another copy of the ITR-V by SpeedPost to "Centralized Processing Centre, Electronic City Post Office, Bengaluru 560100, Karnataka, India." This completes the process of tax return filing.
8. If you still need any further assistance, then you can contact the Public Relations Officer of the local Income Tax Office. Information about this can be sourced from the Income Tax Department website.
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