Presentation on E filing process

E filing process of income tax return

1. Presentation on E-filing Prepared by Rajat Kumar Reg no. NRO0477459

2. Introduction Electronic filing  is the process of submitting tax returns over the Internet using tax preparation software that has been pre-approved by the relevant tax authority .

3. What Is E-filing? The process of electronically filing income tax return through the internet is known as e-filing. It is mandatory for companies and firms requiring statutory audit u/s 44AB. E-filing is possible with or without digital signature.

4. Ways of e-filing There are three ways to file returns electronically Use digital signature in which case no paper return is required to be submitted. File without digital signature in which ITR-5 form is to filed with the department. This is a single receipt of verification form. File through an e-return intermediary who would do e-filing and also assist the assesse file the ITR-5 form.

5. Difference Between E-filing And Paper Return Particulars E-filing Paper Filing Place of filing Can be filed from anywhere in the world. To be filed at particular office only. Errors Very less errors High chances Processing Very fast Very slow Malpractices Low High Access to past records Very easy access to past records Access to past records is not easy

6. Types Of E-filing E-filing for Income Tax E-filing for Service Tax E-filing for Company Law E-filing for GST

7. Common E-filing Process

8. Website for e-filing User must register at https:// www.incometaxindiaefiling.gov.in

9. Over view of e-filing website

10. Do you have Id and Password ? Yes No E-filing of Return Process Login Read instructions carefully Quick E-file return Register Enter details and click submit Download ITR-5 Take print o f ITR-5 form and send it to Income T ax Department

11. Thank you for your attention