it is ppt on e-filing of income tax this slide is only for educational purpose.

1. By :- ROCKY KUMAR
1

2. Disclaimer
 The speaker does not claim that he is an income tax
practitioner and this talk is purely for educational
purposes.
 People are advised to study relevant laws or consult a
tax practitioner in case of doubt.
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3. Contents
What is e-filing ?
Benefits of e-filing.
e-filing Limitation.
Types of e-filing.
New IT returns form.
e-filing Process
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4. What is E-Filing ?
Filing of income tax returns is a legal obligation of every person whose total income
for the previous year has exceeded the maximum amounts that is not chargeable for the
income tax under the provisions of the Income Tax Act 1961. Income tax departments
has introduced a convenient way to file these returns online using the internet.
 The process of electronically filing income tax returns through the internet is
known as e-filing.
 It is mandatory for the companies and firms requiring statutory audit u/s 44AB to
submit the income tax returns electronically.
 E-Filing is Possible with or without digital signature.
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5. Benefits of E-Filing.
Electronically submitting tax returns to the IRS is faster, more convenient, & more
secure than paper filing. One of the foremost benefits of electronic filing is the facility
of anytime/anywhere filing.
These are the benefits of e-filing:
 Convenience. One can electronically file return 24 hours a day, 7 days a week.
 Security. Tax return information is encrypted and transmitted over secure lines to
ensure confidentiality.
 Accuracy. Electronic filed returns have 13% fewer errors than paper returns.
 Direct Deposit. One can have refund direct deposited into his/her bank account.
 Proof of Filing. An acknowledgment is issued when returns is received and
accepted.
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6. E-Filing Limitations
E-Filing is having many limitations and its not for everyone. The tax returns must be filed
on paper is some one is Married, but filing a separate return, and live in a community property state,
 Claiming a dependents who has already been claimed by someone else,
 Submitting a tax form that cannot be electronically filed (such as multiple support
agreement),
 Filing before e-file begins (January 15) or after e-file ends (October 15).
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7. Types of E-Filing
 Type I: In case you are using digital signature, no further action is required.
 Type II: In case you are filing the return without digital signature, ITR-V form
is to be filed with the department. This is a single page receipt-cumverification form.
 Type III: You can also file your return through an e-return intermediary who
would do e-filing and also assist you file the ITR -V Form
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8. IT Return forms
S.NO
For
Source of Income
Individual
ITR-1
Individual, HUF
ITR-2
ITR-3
ITR-4
ITR-4S
1
Income From Salary/Pension





2
Income From Other Sources
(Only Interest Income or Family
Pension)





3
Income/Loss From Other
Sources




4
Income/Loss From House
property




5
Capital Gains/Loss on Sale of
Investments/Property



6
Partner in a partnership Firm


7
Income From Proprietary
Business/Profession
8
Income From Presumptive
Business


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9. IT Return forms
S.NO
Firms, AOP, BOI, Local Authority
Sources Of Income
Companies
Trusts
Only FBT
ITR-5
ITR-6
ITR-7
ITR-8 (SEE
#NOTE)
1
Income/Loss From Other
Sources



2
Income/Loss From House
Property



3
Capital gain/loss on sale of
investments/Property



4
Income/Loss From Business



5
Fringe Benefit Tax




#Note: - ITR-8 is discontinued for e-Filing from AY2010-11 onwards, still continued for AY2007-08,200809,2009-10.
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10. IT Return Form
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11. IT Return Form
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12. IT Return Form
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13. IT Return Form
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14. IT Return Form
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15. E-Filing Process
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16. E-Filing Site Home Page
Click here
for
Registration
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17. Registration Form
Select User
Type & click
Continue
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18. Registration form - individual
Fill Basic
Details &
click
Continue
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19. Login
Enter Your PAN no. and
Password & click
LOGIN
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20. To Download ITR Utility
To Download The
Income Tax Return
Utility
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21. Select and Download ITR Form
Click Here To
Download ITR-1
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22. Generate XML File
Fill the Details &
Click here to
Generate XML
file
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23. Upload Return.
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24. Upload Return
Click here to attach
the XML file
Fill other details &
click Submit
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25. After Return is Uploaded
 In Case the return is digitally signed.
On generation of “acknowledgment” the return filling
process gets completed. Assessee may take a printout of the
acknowledgment for his record.

In Case the return is not digitally signed.
On successful uploading of e-return, the ITR-V form
would be generated which needs to be printed by the tax
payers. This is an acknowledgment-cum-verification form. The
tax payer has to fill up the verification part and verify the
same. A duly verified ITR-V form should be submitted with the
local income tax office within 15days of filling electronically.
This completes the returns filling process for non-digitally
signed returns.
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