Income tax return is that in which assessee(taxpayer) file information about his income and taxation thereon to the Income tax Department.

In E filing Assessee(taxpayer) submitted tax return over the internet, using the tax preparation software that has been approved by the relevant tax authority.

Not everyone is required to file an income tax return each year. Generally, if your total income for the year doesn't exceed exempted amount (that depends on a tax Slot), then you don't need to file a tax return, If your Gross Total Income exceed Rs 2, 50,000 pa for FY 18-19 than it’s mandatory to file.

Filing Income tax returns helps in many much ways such as applying for home loan, applying for tenders, start-up funding etc, while getting your passport made.

In India you can file your Income tax return through e-filing portal of DIT yourself or through an authorised e-Return Intermediary like or through a CA or a Tax Professional.

To appoint a CA to Prepare and e-File your income tax return without any hassles and error free – visit us at

Filing returns is a sign that you are a responsible citizen. It is a proof of your Income. The government mandates that individuals who earn a specified amount of annual income must file a tax return within a predetermined due date.It helps you establish a good record with the Income Tax Department

Details which required to file ITR is Name of the Assessee, Father’s Name, Date of Birth, PAN no, Sex( Male or Female), Contact no, Address of communication, Bank Name, Account No, IFSC code, Email Id, Aadhar Card number( 12 digits) and Additional bank account details. These are the personal details which is required to file your income tax return apart from your income details, deductions details and taxes paid details along with certain financial disclosures.

Here is the procedure post e filing:-

  • Acknowledgment (ITR-V) is generated by the Income-tax Department.
  • You need to sign the ITR-V and send to ITD.
  • CPC processes returns after your ITR-V is received.

July 31, 2019 is the last day to file income tax return (ITR) for FY2018-19 without penalty. If you file your return after midnight i.e. after July 31, then you would have to pay a late fee of up to Rs 5,000

  • Rs 5,000 if tax return is filed after the deadline but on or before December 31 of the relevant assessment
  • Year (in this case December 31, 2019) b) Rs 10,000 if tax return is filed after December 31 but before the end the relevant assessment year

If you are ready to file your ITR, Consider these 10 things before you proceed further to file your ITR correctly.

  • Select the correct IT Form.
  • Furnish personal details properly
  • Mention all sources of Income.
  • Claim deduction under the appropriate section
  • Check Form 16 and Form 26AS for any mismatch
  • If your TDS is deducted more than once in a financial year.
  • Calculate Tax liability.
  • Claim a loss if any.
  • Information on certain specific investments.
  • File your ITR on time.

If you are doing yourself through Income Tax Portal. But if you choose to do through a CA or any tax filing website you may not require to choose the right form or enter details of form 16 and 26AS yourself. All websites do have system where they can populate the data of these forms and prepare your tax return.

To claim maximum tax benefits and proper filing it is advisable to take a CA help to reduce the chances of receiving the tax notices.

File through CA Assisted of

Income Tax return can be filed in various forms-

  • E-Filing using a Digital Signature.
  • E-filing without a Digital Signature.

E-filing under electronic verification code.

If return of income is filed using a digital signature or under electronic verification code, then there is no requirement of sending the signed copy, ITR V (i.e., acknowledgement of return filed electronically) to Bangalore CPC.

Here are some benefits of filing ITR:

  • For Loan Purpose- Having filed the ITR will help individuals, when they have to apply for a vehicle loan (two-wheeler or four-wheeler) or Home Loan. All major banks can ask for a copy of tax returns.
  • To claim refund If you have a refund due from the Income Tax Department, you will have to file returns, without which you will have to forgo the refund.
  • To carry forward losses If you do not file returns, you will not be able to carry forward capital losses (short-term or long-term).
  • \Visa processing: If you are travelling overseas, foreign consulates ask you to furnish ITR receipt of the last couple of years at the time of the visa interview.
  • Buying a high life cover: Buying life cover of Rs 50 lakh or Rs 1 crore, these covers are available against your ITR
  • Government tender: If one plans to start their business and need to fill a government tender or two for the same, they will need to show their tax return receipts of the previous three to five years
  • Self-employed: Businessmen, consultants and partners of firms do not get Form 16. Hence, ITR receipts become an even more important document for them.

In order to e- verify your returns using an Aadhaar card, please make sure that your Aadhar card is linked to your PAN Card. Follow these steps

Step 1

Log on to the Department’s e-filing website

Step 2

As soon as you log in, a popup appears asking you to link your Aadhar number with your e-filing account. If you don’t see the popup, go to the blue tab named ‘Profile Settings’ on the top bar and click on the ‘Link Aadhaar’ button.

Step 3

Check your PAN details and enter your Aadhar number. Save these details Your Aadhar number will be linked to your PAN card after Validation. Once Aadhar card and Pan Card linked follow these steps to e-verify your return.

Step 1- Upload your ITR through the Income Tax e-Filing website.

Step 2- Once it’s done, you will be asked for the mode of Verification for your return

You will see the following options:
  • I already have an EVC to e-verify my return
  • I do not have an EVC and would like to generate EVC to e-Verify my return.
  • I would like to generate Aadhaar OTP to e-Verify my return.

Select the 3rd-option that says – generate Aadhaar OTP. A one-time password will be sent to the mobile number registered with your Aadhaar;

Step 3 lastly enters OTP number on the page and hit Submit.

Message pops up “return successfully e-Verified”.

Download the Acknowledgement.’

The same acknowledgement will be automatically sent to your registered email id.

You have now successfully e-filed and e-verified your income tax returns.

There are 10 Documents which is required for E filing

  • Form 16
  • Salary slips(if you are salaried person)
  • Interest certificates from banks and post office.
  • Form 26AS
  • Tax saving investment proof
  • Dedications under section 80D to 80U
  • Home loan statement from bank
  • Capital gains
  • Aadhar Card
  • PAN