Always Choose The Right Form While Filing Online Returns:

The choosing of the form depends upon one’s sources of income and one need to select the right ITR form from the available 8 forms. For e.g. if you have income only from salary and interest, then ITR-1 should be chosen and if you have any capital gains, home loan in addition to interest and salary income, then you need to fill the ITR-2 Form. This way, selecting the right form means correct processing in an automated way and hence a faster way of your Tax refunds.

Filing Returns Online:

It’s mandatory to file your income tax returns online if your net taxable income is more than 5 lakhs. However even if your taxable income is below this then always go ahead for online filing because the reason being once filed online, the returns are processed electronically without any human intervention and hence the speed of processing increases considerably. Faster processing eventually means faster refunds.

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