Learn How to file ITR Online step by step academy Tax4wealth

1. Easiest Way for Filing ITR Online: A Complete Guidewith Steps-FY2021-23

2. Forthefinancialyear2021–2022andtheinspectionyear2022–2023 dueonJuly31,theleadingpersonmustsubmitanincometax return(ITR).IndividualtaxpayerscanfileanITR-1formwiththe • deadlinespecifiedforcompletingtheITRiftheyhaveanannualincome ofupto50lakhrupeesfromtheirhall,one-roomhome,andother sources.YoucanfilloutandsubmittheITR-1formonlineaswell.Itcan befinishedonline,partiallyoffline,orbothofflineandonline. • FilingITROnlineStep-by-StepGuideforFY2021–2022(AY 2022-23).ITRfilingdeadlinesforbusinessesandthelastdayto file. • Tableofcontent: • Whatis ITRfiling? • DuedatesforITRFilingforCompanies(PrivateLimitedCompanies&OPCs) forFY 2021-22(AY 2022-23) • LastdaytofileanincometaxreturnforAY 2022–23 • Documentsrequired to fileITR • How to fileITR inonline mode • Conclusion • WhatisITRfiling? • Alltaxpayersarerequiredtoreporttheirtaxableincomefromallsources onaformknownasanincometaxreturn,orITR.Inaddition,the taxpayerisrequiredtolistontheITReturnFormanyappropriate deductionsandtaxes,ifany.FilingITROnline,alsoknownasIncome TaxReturn,istheprocessofsubmittingthisformtotheIncomeTax Department.NomattertheAccountingYearthatthetaxpayerhas authorized,youmustsubmitaRevenueAnnualTaxReturn(i.e.,Aprilto March). • Duedates Companies(PrivateLimitedCompanies & OPCs) DepartmentITRFilingfor FY2021–202(AY2022-23) • Forbusinesseswhodo not needanauditT,theITRforFY 2021–2022must befinishedbyJuly31,2022. • Forbusinessesthatmust beaudited,theITRapplicationdeadlineforFY • 2021–22 (AY2022-23)is October31, 2022.

3. TheTaxAuditReportmustbesubmittedbySeptember30,2022. • Lastdaytofileanincome tax return forAY2022–23: • By30November2022,theIncomeTaxReturnbyAssessormustbe finished andsubmittedbySection92E. • Section92EoftheLastYearAct2020–21stipulatesthataReportfromthe • Auditor–Generalmustbeissued bya personengaginginaninternational transactionoraspecifieddomestictransaction atleastonemonthbeforethe Section139deadlineforfilingarefund(1) • Documentsrequiredto fileITR: • AfewpapersaretypicalwhencompletinganITReveniftheyvary dependingonthesourceofincome.Additionally,keepinmindthatyou arenotobligedtosubmitoruploadanypaperstothewebsite;rather,itis recommendedthatyoukeepthemonhandsothatthenecessary informationmaybefilledoutaccurately,savingyoutimeandpreventing frequentmistakes. • PANCard-Whensubmittinganincometaxreturn,aPANNumberis necessary.YourITRshouldhavethesamenameanddateofbirthas yourPANcard. • AadhaarCard-Additionally,thegovernmenthasmade • usingAadhaarwhenfilinganITRarequirementforalltaxpayers. • BankAccountStatements-Toensurethatyoudonotforgettodeclare anyincomeinyourITR,youonlyneedtolocateincome,intereston savingsaccounts,etc. • Bank Account Details- When completing an ITR, you must provide all your bank account information, including the IFSC code, bank name, and bankaccountnumber. • ChallanDetails-Itcontainsinformationlikethechallannumber,BSR code,date,theamountofadvancetaxorself-assessmenttaxpayment, etc.

4. OriginalReturn/Notice-Theinformationfromtheoriginalreturnand theinformationfromthenoticemustbefilledoutifsomeoneisfilingan amendedreturnorareturninresponsetothenoticetheyreceived. • Howto filean ITR Online: • Visittheofficialincometaxwebsite,incometax.gov.in,loginwithyour informationusingthePANorAadhaarnumberasyouruserID,and thenfollowthestep-by-stepinstructionstofinishtheITRin100%digital mode.guide: • Logintoincometax.gov.in,thegovernment'sofficialwebsiteforincome taxes • SelectIncomeTaxReturnunderE-file • Fromthemenu,choose"FileIncomeTaxReturn" • Choosethefiscalyear2021–22 • Select"Online"under"ModeofFiling” • Onthelandingpage,under"Application Status,"choose"Individual"ontheITR-1form. • Press"Let'sgetstarted" • ChooseavalidreasonforcompletingtheITRandpress the"Continue"button • Checkthefivetabsunder"Let'scheckyourpre-completed refund"(Personalinformation,totalincome,deductions,taxespaid, andtotaltaxliability)

5. GototheRestoreSummaryoptionandmakesurethateachofthefive tabsisvisibleandvalidatedthere.Click"Continue"forthetax summationtabafterverifyingthefirstfivetabs • Viewapersonaltaxsummary(norefunds)underthetaxsummarytab • Afterthat,selecttheannouncementtab,completethenecessaryfields, andselect"PreviewRestore". • Afterconfirmingthattheinformationenteredistrueandcorrect,one mustselect"Continuetoverify".Ifthereisamistake,onecaneditthe databyusingthe"Edit"option:and • Onceanindividual'sITRhasbeensatisfactorilyverified,thatindividual mustconfirmtheirtaxreturn.Thetaxpayermaysubmitthis electronicallyusingAadhaarOTP,netbanking,etc.,ortheymayprintan ITR-Vontheirown,signit,andmailittotheCPC,TaxDepartment, Bengaluru,within120daysafterITRe-filing. • HowITRFilingCourseCanhelpyou tosaveTaxes insaveral ways: • SaveTax on RentReceipt • Save Taxon Donation • Save Tax on House Loan • SaveTax on Books Purchase • SaveTax onTransportAllowance • SaveTax onMedicalReimbursement • Save Tax on HealthInsurance Premium • SaveTax onIntereston Education Loan • Therearemoreoptionsavailablewhereyoucansaveyourincometax.To learnmore,youmayseeourcourse-ITRFilingCourseByAcademy Tax4wealth • Conclusion • Attheendofthisarticle,youmayfileyourtaxreturnsfatsbyfollowing thisadvice.Aneverydayunderstandingofthechallengesassociatedwith

6. taxesmighthelpsimplifythisprocess.EnrollinOurIncomeTax CertificationCoursetolearnmore.