How to file income tax return on your own without any help from CA, know here

ITR deadline: Don’t wait till the final minute to file your income tax returns for the evaluation yr 2023-24, which corresponds to the monetary yr 2022-23. The deadline for submitting income tax returns is approaching, with taxpayers having till July 31 to full the method. Although one week of this month has already handed, there are nonetheless three weeks left to file your returns.

It’s necessary not to procrastinate when it comes to submitting your income tax returns. The Income Tax Department advises towards negligence on this matter. Many people have a tendency to postpone submitting their returns, pondering they’ve loads of time. However, ready till the final second can lead to a rush on the web portal, inflicting potential difficulties.

It’s essential to be aware that the deadline for submitting income tax returns was not prolonged final yr. There is not any indication of an extension this yr both. Therefore, it is important to full the submitting course of throughout the given timeframe.

Filing income tax returns is just not as advanced as it could appear. The authorities has made the method simpler by introducing paperwork like Form 16, Form 26AS, AIS, and TIS. With just a little effort, you may file your returns comfortably from residence in just a few easy steps. You do not want to rent a Chartered Accountant and pay a hefty payment. We’re right here to information you thru the method.

To file your ITR, go to the e-filing portal of the Income Tax Department at www.incometaxindiaefiling.gov.in. If you have already got an account, log in; in any other case, create an account by clicking on “Now Register.” On the homepage, choose the “File” possibility, then select “File Income Tax Return.” Next, choose the suitable evaluation yr and go to the “Personal” possibility for on-line submitting.

The most necessary step is deciding on the right type. If you’re a salaried particular person, select ITR-1 type, which might be pre-filled with related particulars. You can confirm the info with your wage slip, Form 16, and AIS. Double-check the accuracy of your checking account particulars earlier than claiming the return.

After cross-checking, submit your ITR and guarantee it’s e-verified. This could be carried out on-line utilizing your financial institution particulars. The Income Tax Department sometimes processes ITR inside 3-4 weeks. You can examine the standing on-line anytime utilizing the acknowledgment quantity.

Don’t delay any additional and file your income tax returns promptly to keep away from last-minute rush and potential penalties.

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