Must Know Facts About Filing e-Returns


Bangalore: This season, filing your IT returns online is the most convenient way to access full benefits associated with it, but there are few key points which one must keep in mind before e-filing. Fundsupermart.com has come up with such useful tips for you. Let's have a look -

1. The last date for filing your income tax returns for the previous year 2011-12 (AY - 2012-13) is July 31, 2012.

2. The Central Board of Direct Taxes (CBDT) has made e-filing of income-tax returns mandatory for all assessees whose annual earnings exceeded 10 lakh during the fiscal 2011-12. The process of electronically filing income tax returns through the internet is known as e-filing.

3. There are 3 ways to file returns electronically.

a. With a digital signature, in which case no further action is required.

b. Without digital signature.

c. Through an e-return intermediary.

4. To file your returns online, you need to log onto the website of the Income Tax department (www.incometaxindiaefiling.gov.in). If you have not registered, you can do so with the help of your permanent account number (PAN). Download the appropriate form, fill it in and follow the instructions.