Income Tax Return Filing

Income Tax is a tax levied upon the individual’s income and collected by the central government. Income Tax is calculated at specified rates on the total income of an individual and thus paid to the central government.

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Income Tax Return Filling

The income Tax return is a form where an individual files information about his/ her income and thereon file Tax to Income Tax Department. To have a better understanding of an income tax return, one must know about the income tax first. So, here we will discuss income tax, return and filling, and types of Income-tax.

Income Tax

Income Tax is a tax levied upon the individual’s income and collected by the central government. Income Tax is calculated at specified rates on the total income of an individual and thus paid to the central government. The central board of direct taxes (CBDT) is responsible for administrating direct taxes.

The provisions of Income-tax are governed according to the Income-tax act, 1961.

Income tax is a tax on an individual’s income, which he pays directly to the government. There is two type of taxes- Indirect Tax and Direct Tax.

Direct Tax

When an individual directly pays Tax to government, known as direct taxes. Direct taxes are something which is not paid on behalf of the taxpayer, but is imposed directly by the regulator. Here, the liability of taxpaying cannot be transferred to another taxpayer.

Different types of Direct Taxes are like;

  • Corporate Taxes
  • Income Tax
  • Wealth Taxes
  • Capital Gain Taxes

Indirect Tax

Taxes which can be passed or imposed on to another entity or any other individual are known as Indirect Taxes. Usually, indirect Tax is Tax imposed by manufacturer to supplier and further is transferred to the consumer.

Different types of Indirect Tax are like;

  • GST (Goods and Service Tax)
  • Sales Tax
  • Service Tax
  • Value-added Tax
  • Custom duty and Octroi Tax
  • Excise Duty
  • Anti Dumping Duty

Benefits of ITR filling in India

  • Avoid Penalties
  • ITR receipt is very important more than Form 16; It provides more detailed information about the income generated from any source.
  • Helpful during the loan processing
  • Helpful during hassle-free visa processing
  • For a self-employed person, ITR filing is one the income proof

How To Filing Income Tax Return Online

Filing of Income Tax return may seem to be a monotonous task. ITR Filing involves a series of steps along with some prerequisites.

Pre Requisites for ITR Filing

Before filing ITR online, it’s better to keep all the required documents handy. Some of the main documents required for filing ITR are as follows;

  • PAN Card
  • Form 16/Form 16 A, providing information on your source of income
  • Bank Details (Statement/Passbook)
  • Aadhaar card
  • 26 AS
  • Tax deposit receipt
  • Loan Details (Home loan/Educational Loan details consisting EMI summary)
  • Receipt of LIC
  • Any medical policy premium paid
  • PPF passbook
  • Any investment detail
  • 80G details (If any donations were made)


For filing ITR online, Assessee needs to register himself/herself with the income tax department. For registration visit income tax website;

If Assessee is already registered, so he can proceed to file his/her ITR just by logging credential and password.

Tax Deducted at Source (TDS) certificates and form 26AS

Assessees should provide summaries with his TDS amount from the TDS certificates received by him for all the four quarters of the respective FY. To avoid any confusion assessee can take help from 26S, a Form to help Assessee for summarizing his/her TDS.

Selection of ITR form

Selecting the ITR form is the second step of ITR filing. Types of ITR forms available for FY 2018-19 (AY 2019-20) are;

  • ITR 1
  • ITR 2
  • ITR 3
  • ITR 4
  • Applicable for every form

Download ITR utility from Income Tax Portal

Now further, on the income tax website and click on 'IT Return Preparation Software option available on the right side menu. Here, choose the assessment year for which you are filing your ITR. Finally download the offline software, i.e. Microsoft Excel or Java utility based on Assessee's preference.

Fill Details related to income

After downloading the offline utility, Assessee has to fill the relevant details regarding his income, or the details related to refund receivable as per calculations of utility.

Certify the information provided

A validate option is being provided on the right-hand side. Click over the button and validate all the information provided and ensure that information is right or wrong.

Get XML format file

After successfully validating, click on ‘generate XML file’ made available on the right side. Now you will get the converted XML file.

Upload the XML File

Now, at last, Assessee has to log in to income tax e filing portal. And after clicking over 'e- file', select Income tax return option from the drop-down.

Here, you have to provide the necessary information like PAN card details, Assessment Year, ITR Form number, and the mode of submission. Upload XML file available on submission mode option, and attach the XML file and submit the file. From all verification modes available chose one (Aadhaar OTP, Electronic verification code), or you even can send the duly signed copy to ITR- V to CPC, Bengaluru.

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