CAduniya.com : CA India Blog

Type I: In case you are using digital signature, no further action is required.

Type II: In case you are filing the return without digital signature, ITR-V form is to be filed with the department. This is a single page receipt-cum-verification form.

Type III: You can also file your return through an e-return intermediary who would do e-filing and also assist you file the ITR -V Form.

But you need to pay their fees (currently in the range of Rs 150 to Rs 1,000 for individual tax payers) for taking their help.

Process / Steps :

a) Select appropriate type of return form

b) Fill your return offline and generate an XML file

c) Register and create a user ID/password

d) Login and click on relevant form on left panel and select ‘Submit Return’.

e) Browse to select XML file and click on ‘Upload’ button

f) On successful upload, acknowledgement details would be displayed. Click on ‘Print’ to generate printout of acknowledgement/ITR-V Form.

a) In case the return is digitally signed, on generation of ‘Acknowledgement’, the return filing process gets completed. Assessee may take a printout of the acknowledgement for his record.
b) In case the return is not digitally signed, on successful uploading of e-return, the ITR-V Form would be generated which needs to be printed by the tax payers. This is an acknowledgement-cum-verification form. The tax payer has to fill up the verification part and verify the same. A duly verified ITR-V form should be submitted with the local Income Tax Office within 15 days of filing electronically. This completes the return filing process for non-digitally signed returns.

(Via ET, With inputs from National Informatics Centre, Government of India)

NEW DELHI: While filing tax return this year, you need not attach Form-16 with the form. In a statement on Friday, Central Board of Direct Taxes (CBDT) said that annexures and certificates like Form-16, relating to tax deducted at source are not required for income tax returns filing.

“No annexures, TDS/TCS certificates are required to be annexed to the returns of income.” an official statement said. A senior CBDT official said that all informations regarding TDS are recorded in the PAN (permanent account number) data of a tax payer.

He said the department collects data on TDS from various sources and keep it in the PAN data banks of tax payers. Therefore, he said, the tax payers should just provide the TDS informations in the specified column in the return form. If the figure provided in the return is not matched with the data collected in PAN, then the department would ask the tax payer to furnish the Form-16.

The credit for TDS and tax collected at source (TCS) will be allowed on the basis of details furnished in the relevant schedules of the return forms. Assessing officer will not disallow claim in this regard (return against excess tax paid) only on the ground that the TDS/TCS certificates have not been filed along with the return of income, the statement said.

Also, to enable tax-payers to file returns in the electronic mode, the new return forms have been made annexure-less, except ITR-7, which is the returns for trusts. The electronic return filed with electronic signature will be treated at par with a physical sign.

In case of tax return filed without electronic signature, the department said, the tax payers will get an acknowledgement, which will have return receipt number. A tax official said the tax payer should send the acknowledgement to the department. He said only after receiving the acknowledgement form the tax payer, the assessing officer can assess return filed in the electronic form. The department also said a tax payer can make electronic payment of taxes from the account of any other person.  Source: TOI