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Wednesday, July 13, 2011

The Easiest Steps to File Income Tax Returns

Filing your income tax returns online is a cheap, convenient and easy. you need to follow few steps for that.


A. Register with a tax-filing portal.It will help you choose the correct form and guide you while filling it.

B. Review the completed form and submit for e-filing . If you use a digital signature , the process is complete. If you don't want to spend on the signature, you'll get the ITR V acknowledgement by e-mail .

C. Print the ITR V and mail it to the Centralised Processing Centre at Bangalore .



There are few portals who can help you for filing the tax returns:


Taxspanner.com -- The portal will file your e-return within 30 minutes of submitting it and upload the ITR V within an hour. In the 'Efile by Email' facility , you can attach a digital Form 16 to an email . The higher versions offer the services of a tax professional.

Taxsmile.com -- The Q&A format of the portal makes it easy even for a rookie. Taking your mouse over the query mark will provide detailed information . The user interface is one of the best.

Incometaxindia.gov.in --  It provides an Excel sheet that you can download. The Excel sheet has an index where you can choose topics relevant to you. It has a compute button which helps in calculations, while the validate button checks for errors.


 

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