Income Tax Return is a central element of the revenue generation system of the Indian government. Among the multitude of taxes present in the design, income tax is the one that deals with the taxation of the earning of every individual, firm or organization in a financial year. The income could be in the form of salary, from the let-out property, interest, dividends, business income, capital gains or any other profits.

What is Income Tax Return?

An income Tax Return is a proof that you have paid your income tax. It contains details about your annual income and the amount of tax you have paid. Anyone earning taxable income must file Income Tax Return (ITR) annually. Filing ITR will help you get a refund if TDS deducted is more than your tax liability. If you fail to file your ITR, you might have to pay the penalty or face legal consequences.

How to e-File ITR?

To e-File ITR, you have to Visit the website of the Income Tax Department of India.

• Under the download section, you have to select the ITR form applicable to you and then click on the download link available under the Java Utility Column.
• After downloading the utility, open it and click on the ‘File Returns’ option on the dashboard.
• Click on Download Pre-filled Data and press Continue.
• Enter PAN, Assessment year and fill in Login Details.
• Now Enter details related to all Income earned in the relevant Assessment Year.
• Validate the information, calculate the tax and click on Generate JSON.
• Save the JSON and upload it on the e-filing website of the IT Department.
• Click on Submit and e-verify the return.