income tax india The I-T department lets you file your returns online for free. The entire process may take about half an hour time. The service is available 24X7. This means you can also file return online in the night. Simple procedure of e-filing through I-T department website is this: (1) Registration on www.incometaxindiaefiling.gov.in which is the e-filing website. (2) Get the return preparation software for the appropriate return form. (3)Fill in your tax returns in the excel spreadsheet format available on the website and then convert it into an xml format file by just clicking on a link available on one of the sheets.
(3) You have to upload this xml file on the website affixing your digital signature if you have one and it has been registered by you earlier on this website. Or if you don’t have digital signature available, you need to take a print out of the form ITR-V generated on the uploading of the xml file, sign it and dispatch it to the centralized processing centre (CPC) at Bangalore via post so that it reaches there in couple of months of uploading. The tax department claims to proceed the returns within four months, however it can be longer than this. If you are deserved to get a tax refund, the refund will come to you within a year. Filing returns, Paying taxes, Viewing tax credit, tracking the processing status and deposit of refunds credited into bank account, everything is automatic in this process.
Income tax payees should always think that they are contributing in national building as with the tax that they pay many developments are announced.So all indians should pay tax and contribute in national development
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