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(1) What is E-Filing? - The process of electronically filing Income tax returns through the internet is known as e-filing.
- It is mandatory for companies and Firms requiring statutory audit u/s 44AB to submit the Income tax returns electronically for AY 2007-08 onwards.
- E-filing is possible with or without digital signature.
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(2) Types of E-Filing - There are three ways to file returns electronically.
- Option 1: Use digital signature, in which case no further action is required.
- Option 2: File without digital signature, in which case the duly signed ITR-V form is to be submitted to CPC Bengaluru using Ordinary Post or Speed Post within 120 days of transmitting the data electronically. This completes the Return filing process for non-digitally signed returns.
- Option 3: File through an e-return intermediary who would do eFiling and also assist the Assessee file the ITR -V Form.
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(3) Types of E-Filing |
(4) E – filing process :
This is explained below with the help of a flow chart.
(5) Change in the procedure of e- filing for 2008-09
| For digitally signed returns | No Change |
| Paper Returns -Two step Procedure | After uploading data -instead of filing paper return assessee to file verification form called ITR-V (Combination of Acknowledgement of e-return and verification |
| Paper Returns - through e-intermediaries |
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(6) e-Filing Process – At a glance - Select appropriate type of Return Form .
- Download Return Preparation Software for selected Return Form.
- Fill your return offline and generate a XML file.
- Register and create a user id/password .
- Login and click on relevant form on left panel and select "Submit Return".
- Browse to select XML file and click on "Upload" button .
- On successful upload acknowledgement details would be displayed. Click on "Print" to generate printout of acknowledgement/ITR-V Form.
- Incase the return is digitally signed , on generation of "Acknowledgement" the Return Filing process gets completed. Assessee may take a printout of the Acknowledgement for his record.
- Incase the return is not digitally signed , on successful uploading of e-Return, the ITR-V Form would be generated which needs to be printed by the tax payers. This is an acknowledgement cum verification form. The tax payer has to fill-up the verification part and verify the same. A duly verified ITR-V form should be submitted to CPC Benagaluru using Ordinary Post or Speed Post within 120 days of transmitting the data electronically. This completes the Return filing process for non-digitally signed Returns.
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