Thursday, October 22

File your Income Tax Return before the deadline this year - ITR -1 2020 dates and Online Process

 Income Tax Return – ITR-1 last date 2020



Due to the pandemic situation the government has given relief to assesses, and has extended the deadline of income tax filing this year.

The individuals, having an income of up to 50 lakhs can fill the ITR-1 form by November, 30, 2020.

You should file your ITR on or before the last date to avoid penalty of filing returns late. The ITR 1 form can be filled online at the official website of Income Tax department. Filing is very simple and the individuals can do it themselves. ITR 1 form is also known as Sahaj which is meant for salaried individuals earning up to Rs 50 lakh annually. You must note that only resident individuals can file a tax return using form ITR-1

 

How to register for filing online ITR 1 – Registration Process

You need to have a Valid PAN, a valid Mobile Number, a Valid Current Address and a valid Email Address

 

How to register at the Income Tax India Website

Open the official website - Visit www.incometaxindia.gov.in. Click on 'Register Yourself'.

Select the relevant option and then enter the required details, like your PAN, Surname, Middle Name, First Name, date of birth (as mentioned on PAN), residential status. Click on 'Submit'.

Fill in other details such as password, mobile number, landline number, email ID, and address. Ensure that you have filled this information correctly. The income tax department will be using your contact details to send you SMS/mails etc. 

Click on 'Continue' once all the required details are filled in the registration form.

Once you submit the form then you need to verify your registration to complete the process. A one-time password (OTP) will be sent to your mobile number and a verification link will be sent to your email address. Enter the OTP received and click on the link received to successfully register you on the e-filing website.

Login on income tax e-filing website:

After registering,  you can now login to your account on the income tax website. Your PAN will be your user ID to login to your account. You will need to enter your date of birth/password and captcha to log-in to your account.

How to file ITR online:

Visit the Income Tax Department portal: incometaxindiaefiling.gov.in

Select the filing of income tax return option.

Next to select the assessment year you will be re-directed to a new page. Select the assessment year from the dropdown menu, then choose your assessment year, along with ITR form number 1, and filing type – original or revised return.

After that under the submission mode, click ‘prepare and submit online’.

Next, select the pre-validated bank account. This is the bank account where will receive the IT refund if you are eligible for any.

 

 

 

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