Efiling of income tax return is no more a daunting task, now you can easily file your returns by registering on the income tax website or portal. Although, the tax filing season for the financial year 2018–2019 has already started. Hence, you really need to be careful while filing income tax return. Meanwhile, when it comes to filing returns there are certain categories where if you qualify any of those criteria, then you are required to file returns before the due date to avoid any complications.
How to file ITR?
However, E-filing income tax department helps taxpayers to file their Income Tax Returns online who has a tax liability. In order to file income tax returns, it is mandatory for the taxpayer to use income tax departments website or e-filing portal for income tax India e-filing login. Generally, individual use this website every year to file their taxes. Additionally, this is one of the foremost steps to look at it before filing ITR. You can easily process to register on the Income Tax Portal by registering on the income tax department’s official e-filing portal, on the homepage to register yourself.
How to login to the Income Tax Department’s official portal?
After successfully registering yourself on income tax department website, you will find a button that says login here, all the registered user supposed to click on the login button for income tax e-filing login.
What are the other documents required while filing Income Tax Returns?
While filing for Income Tax Returns no other documents are required. But verification documents will be required during assessments and inquiry which is why it is advisable that a taxpayer must maintain these documents and be able to produce them when required. Along with this, if you have paid taxes on your own you may be asked to confirm this with the Challan Identification Number (CIN). This is the number you receive from a designated bank when you pay your taxes either offline or online at the tin nsdl portal.
Failing from filing your income tax return on time will lead you towards the violation of income tax regulations and provisions. Along with this, there are chances that you might not be given any refunds, if still, you don’t pay your taxes, you are found to owe the government taxes. following this, you will be liable to pay the imposed rate of interest on your income till you file the income tax return.
You could be diagnosed with more consequences if you are found of not obeying income tax regulation of Indian Constitution. Many individuals also face various punishment in case they don’t file income tax such as No Loan, No credit card, criminal fraud, negligence, and others.
Who is required to file ITR?
If your income exceeds the limit of 250000, then you are eligible to file your income tax return. And if you are earning above the specified limit and you have not filed income tax, then it might be possible that you receive a notice from the income tax department, a penalty will be imposed depending on your salary and the date which you were supposed to file the return.