top of page

Frequently Asked Question

What is ITR filing?

E-filing of income tax returns refers to the process of filing ITR (Income Tax Return) online. In other words, it is the process of submitting your tax returns electronically.

What are the documents required to file ITR?

Following are the documents required for filing ITR:

What are the benefits of filing an ITR?

Apart from staying compliant, there are various other benefits of filing income tax return online.

Some of them are listed below:

  • Easy loan approval

  • Income and Address Proof

  • Quick Visa Processing

  • ITR filing online ensures speedy income tax refund

  • Acts as proof of income and address

  • Losses can be Carried Forward

  • For buying term insurance

  • Avoid penalty on non-filing of income tax returns

How can you file an income tax return in India?

Here's how to file ITR online on the Income Tax e-filing portal:

  1. Login: Visit the portal and log in using your user ID and password.

  2. Navigate: Go to "e-File" > "Income Tax Returns" > "File Income Tax Return".

  3. Select Details: Choose the Assessment Year (current year + 1) and filing mode (Online).

  4. Select ITR Form: Pick the appropriate ITR form (e.g., ITR 1 for salary income).

  5. Fill & Verify: Enter the required details and validate pre-filled information.

  6. Submit & Verify: Submit the ITR and choose an e-verification method (Aadhaar OTP, EVC, or signed ITR-V).

What are the benefits of filing my return of income?

​​​Filing of return is your duty and earns for you the dignity of consciously contributing to the development of the nation. Apart from this, your income-tax returns validate your credit worthiness before financial institutions and make it possible for you to access many financial benefits such as bank credits, etc.​​

If I have paid excess tax how will it be refunded to me?

​​The excess tax can be claimed as refund by filing your Income-tax return. It will be refunded to you by crediting it in your bank account through ECS transfer. The department has been making efforts to settle refund claims at the earliest.​​

How many times can I revise the return?

​​​​​If a person after furnishing the return finds any mistake, omission or any wrong statement, then return should be revised within prescribed time limit.

A return can be revised at any time 3 months before the end of the Assessment Year or before the completion of the assessment; whichever is earlier.

If original return has filed in paper format or manually, then technically it cannot be revised by online mode or electronically. ​​​

Revised return can be filed online under section 139(5)​.​​ 

TDS has been deposited under wrong PAN. How can I claim that TDS?​

TDS credit must be checked in Form 26AS before filing of Income-tax return. If it is not reflected correctly there may be several reasons like:

  •  TDS is not deposited by deductor

  •  TDS is deposited but return is not filed by deductor

  •  TDS is wrongly deposited under some other PAN

  •  TDS credit is not updated in Form 26AS

  •  Any other reason

When deductor deposits TDS under some wrong PAN, he has to make correction in the statement for PAN. In some cases, online PAN correction can also be made.

Assessee can claim TDS in Income-tax return after that PAN correction.

bottom of page