According to rules and regulation of India tax system filing of income tax is very important and mandatory in India and in case of failure of filing of Income tax return you may have to face legal consequences of it. Basically Income tax return is a statement of income and tax thereon, which should be paid by the income tax payer to the Income tax department of India. Process of Income tax return is very easy and simple and now you can file your income tax return online in India. This article talks about the filing of Income tax return online in India so you will get an idea about the online filing of Income tax return.

ITR is a statement of income across different sources, tax liabilities, the tax that has been paid and the exemption that the government is supposed to give. Filing of Income tax return is important because its provides proof of your income as legal and disclosed so in future it not calculated as black money. If you file your income tax return then you will get loan easily and filing of income tax return has many benefits. If you are gross income is more than rupees 2.5 lakh then you have to file your income tax return. To Know more about Income Tax Return Check the same.

How to File ITR online in India

• You can file your Income tax return through online via Income Tax Official Website and offline mode. For offline mode you have to fill the challan manually and have to submit to the income tax department of India.

• You can also file your income tax return through online mode and it is very easy to file your income tax return through online mode. For filing your income tax return through online mode you have to visit the official website of income tax department of India.

• Then you have to choose the option of filing income tax return. Then you have to select the category of your form for e.g. if you are paying your individual income tax return then you have to fill the form no. ITR-1 and if you are paying income tax return for your LLP then you have to fill the form no. ITR-5 so there are categories divided you have to choose according to your category.

• After choosing the form, you have to fill that form and you have to fill all required information like your PAN details, your complete address, your personal income and other details related to your income.

• After filling of the form you can submit your challan then you have to pay your income tax return
through online mode. You have to choose a payment method then you can pay your income tax return.

• After successful submission of payment of income tax return you will get a tax receipt.

Conclusion

As you can see in above article that filing of income tax return is important for every individual whose income is more than 2.5 lack rupees if his age is below sixty year and if he is senior citizen then he will be liable to pay income tax in the case of income more than 3 lack rupees.

As you can see above that filing of income tax return is easy, you can file your income tax return through online mode for which you have to visit the official website of income tax department of India and then you will be able to file your income tax return. You can file your form online and you can also make your payment online.

As above mentioned if you file your income tax return in time then you will get many benefits like you will get loan easily. PAN number is important for filing income tax return as without pan number you cannot file your income tax return.

If you want to file your income tax return then you can take help from MyOnlineCA as they are leading online service provider they will file your income tax return for you. They are providing commercial registration services and also you can get your company incorporation through MyOnlineCA. They are providing services like Company registration, LLP registration, Udyog Aadhar registration, ISO certification in India and there are many commercial services which are providing by MyOnlineCA