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Income Tax Return Filing: What is ITR & How to File ITR Online?

What is ITR Filing?

ITR filing or Income Tax Return filing is basically providing the Income Tax Department with an affirmation that the taxpayer has made necessary provision for assessment of his/her income and paid the taxes as required under the provisions of law. The Section 139 of Income Tax Act makes filing of return mandatory for a certain class of taxpayers. The criteria for mandatory filing of return include status of the taxpayer, amount of income taxable during the year, tax deduction being claimed, etc.

For more details, you may read our detailed article on Filing of Return of Income

How to File ITR Online?

Gone are the days when taxpayers had to struggle through a pile of documents in order to file their Income Tax returns. With an advancement in the technology, filing of Income Tax returns have become easy and quick. Apart from individual taxpayers, now corporates and tax professional working for their clients can also file their ITRs in a quick and hassle-free manner.


If you are still wondering about how to file ITR online, then you may use automated compliance software that takes care of the calculation of tax as well as preparation of returns, which gets filed with the Income Tax Department e-filing website directly. All you have to do is to fill the details of the income of the taxpayer and the rest will be efficiently handled by the software itself. 

Integrated software like Taxmann’s One Solution allows you a completely automated solution to your tax compliance requirements. Once the income details have been filled, the software will calculate the exemptions, deductions, tax amount with auto-mapping of data in relevant schedules and create XML.  Moreover, the return generated can be filed with the Income Tax Department’s e-filing website directly through the software itself. 

One Solution offers multiple tax compliance solutions TDS Returns & Audit Reports. Click here for a free trial of the software.

How to File ITR after Due Date?

For the F.Y. 2016-17, the extended deadline for filing of returns was 5th August, 2017. However, the due date for filing of belated returns was 31st March, 2018. The steps to file ITR after the due date are similar to how it’s done before. The only difference is that, now, the ITR has to be filed under section 139(4) instead of section 139(1). 

Before proceeding for filing of ITR after due date, please make sure that you prepare the return in the correct form as prescribed by the Department for various heads of income. Also, if there is any amount of tax due post deduction of TDS and advance tax, there would be penal interest of 1% per month payable by such taxpayer. 




Disclaimer: This information is updated till 09 April 2018.

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