E-filing Income Tax Return

What exactly Income Tax efiling is?

When we file Income Tax Return electronically by the means of Internet, then we call this process as Income Tax efiling. And, if you unable to file it individually, then you can consult to EtaxAdvisor for correct filling of form.

What is efiling intermediary?

This is basically the intermediate (i.e. third party) service which works between the two parties i.e. between the taxpayer and ITD, to assist taxpayers. Income Tax department authorized some intermediaries to electronically file Income tax Returns on behalf of the Tax payers. This works under Electronic Furnishing of Return of Income Scheme, 2007.

What is Physical Filing?

In case of the physical filing of Income Tax Return, one should have to fill the printed form and send it to the nearest ITO (Income Tax Office) and get the acknowledgement.

Plusses of Income Tax efiling

•  This is a 24*7 service, you can do this anytime and from anywhere.
•  Free, easy, fast and secure.
•  You can track your Refund status and will get the e-mail or message alert.
•  You will also get some services like viewing Form 26AS.

Compulsory for?

•  Whose Total income is 5 lakhs or above.
•  HUF (Hindu Undivided Family) whose Total income is above 10 lakhs or above.
•  All companies.

And what about ITR-V?

ITR-V means Income Tax Return Verification Form. Income Tax efiling is not complete until ITR-V is sent.

When you send this verification form to the head office which handles the efiling (i.e. Bangalore Branch) then only your returns are processed.

Still have problems in Income Tax efiling and for other income Tax related Queries, contact us at contact@etaxadvisor.com.