Step by Step Income tax return and filing online

Income tax return form or income tax forms can be confusing. But with online filing income tax return filing has been made simple by income tax department . Income tax return filing online can be as easy as accessing your email online and sending email.

Assuming that you have paid taxes in the month of March, then the next task is to file your income tax returns. This is a necessary requirement that most people don’t know how to go about. It is in fact very easy and with online tools such as Taxsmile very very easy.

Do I need to file Tax returns?

Legally speaking you are obligated to file a return of income, if your taxable income during the year (2008-09) has exceeded the exemption limit of Rs 1.5 L. (Rs 1.8 L in case of women and Rs 2.25 L in case of senior citizens).

Three easy steps to file your return online

Step 1: Collect all documents
Start by assembling all the tax related documents (those applicable to you). These are:

• Form No. 16 (for Tax deducted by employers)
• Form No. 16A
• Account statements of bank accounts
• Property details
• Sale and purchase of investments / assets
• Details of tax payments made

Step 2: Chose relevant form:

With all your documentation in place, you need to then select the proper Income Tax Return form, or ITR, which is based on the nature of income earned. Just select the right form on TaxSmile website. Filing of income tax returns involved interpreting “simple” forms. However these simple forms were simple only for tax consultants and not for the average taxpayer. Income Tax eFiling has changed the things a bit, but not enough. That is when Taxsmile came onto the picture where it enables people to file Income Tax return online. Taxsmile gives you a unique experience of preparing and filing your Income Tax Return in a simple, smart and secure way.

With Taxsmile, you can

• Prepare your return online
• File your return online
• Do the Tax Planning
• Buy digital signatures (if required)

Taxsmile helps in Return Preparation with an intelligent wizard hand-holding you with simple questions about your income profile. Once the retunr is prepared you are set for e-Filing. You just prepare your return & Taxsmile will e-file for YOU! Cool! Click on the link below for filing your return with Taxsmile:

If the above image link does not works click the link below for Taxmile website

Taxsmile Online income Tax filing

Step 3: File your tax returns

You can file your returns either physically, or electronically. If you want to file physically just take printout from your Taxsmile account. Otherwise you can use Taxsmile to file online.

More on eFiling

For eFiling you will need Digital Signature and Taxsmile will help you get eMudhra, Class-II Digital signature with 1-year validity. If you do not want to use digital signature? Taxsmile will file ITR-V for you.

Taxsmile is an initiative of 3i Infotech – a company supported by ICICI bank. You can trust Taxsmile for your returns this year and start a journey of convinience.

Related posts

• FBT challan Download challan 283 (0)
• Kerala VAT – VAT Department Of Kerala – www.keralataxes.in (0)
• New Direct tax code by Finance Ministry to simplify and rationalise the tax (0)
• Filing your returns – due date, penalty for not filing (2)
• Online tax filing, online tax return from Taxsmile (4)
• Top Ten Bollywood Tax Payers for the year 2008-09 – Top Tax Payers in Bollywood India (0)
• Website of Income Tax Department, IncomeTaxIndia, IncomeTax – www.incometaxindia.gov.in, incometaxindia.gov.in (1)
• PAN Card – Getting PAN Card, Applying for PAN Card, PAN Card application online (0)