ITR Filing Rules: Many times, due to lack of necessary documents, the income tax return remains stuck in half and people may forget to file their return. The Income Tax Department is taking special steps for such people.
ITR Filing: Many times it happens that when we want to file ITR, we do not have all the documents. Because of this we have to leave the process in the middle and forget to file later. But now the department has come up with a new method for this. Through which you will get a reminder asking for ITR filing. The department is sending information to such people telling where their filing is stuck and how much has been filled.
Income tax department is giving big facility
Many times we leave filing our returns in the middle. There are many reasons, sometimes the necessary documents are not available, sometimes the server is down, sometimes the site hangs. Many times such cases also come to the fore that after the due date is over, people lazily do not file ITR returns. In such a situation, the Income Tax Department is now alerting these people by sending messages.
Verify ITR
You can verify ITR in many ways. For this you can verify ITR using Aadhaar OTP or using EVC generated through bank account, net banking or demat account. Apart from this, it can also be verified using Digital Signature Certificate (DSC).
Why is it necessary to fill ITR
It is mandatory for those who come under the purview of income tax to file ITR. Under this, those whose income exceeds Rs 2.5 lakh annually must file income tax returns. Under the Income Tax Act, the exemption limit has been fixed at Rs 3 lakh for senior citizens and Rs 5 lakh for very senior citizens, i.e. above It becomes mandatory for you to pay tax when you have income. Even if your TDS is being deducted somewhere, you still need to pay income tax. It is also necessary to verify ITR after ITR filing.
How will be the penalty for not filing ITR?
If you miss the date of filing your income return for financial year 2021-22, you may have to pay penalty, interest and even go to jail.
- Late fee up to Rs 5000 for filing ITR after due date
- Interest under section 234A, 234B and 234C
- Will not be able to carry forward the loss
- Jail provision for not meeting certain standards
Know what is the way
- Select whichever category is applicable to you and then choose the option of ‘Continue’.
- You have to choose one of the types of income tax return. You will see two options, first-
- If you are not sure which ITR to file, then select the option ‘Help me decide which ITR to file’ and proceed further.
- If you know which ITR return you have to file, secondly, select the option ‘I know which ITR form to file’ and select the ITR format from the options in the dropdown menu and then ‘Proceed’ ‘.
This is how the ITR filing process will be completed
- Prepare a list of all the required documents and then click on Fill ITR.
- Some questions will appear on the screen, answer them according to your choice and then select the option of ‘Continue’.
- Fill the required data and click on the ‘Confirm’ option given after each section.
- How much is your income and what are the deduction figures, fill these separately and do not leave any section incomplete.
- If there is tax liability, then select the option to pay the same and if not, then select ‘Preview Return’.
- If there is any refund on the basis of tax calculation, you will be taken back to the previous page.
- After doing this, fill in the ‘Location’ option on the ‘Preview and Submit Return’ page, then tick the declaration checkbox and select ‘Proceed for Validation’.
- After verification, click on ‘Proceed for Verification’ option on ‘Submit Return’ and then on the page that opens, select the option of your choice and proceed.
Check status like this
Your income tax filing will be completed. After this, note down the Transaction ID and Acknowledgment Number that appears on the screen so that you can check the status of the filling.
