Worry not. Here’s the footfall by footfall adviser on how you can book belated Assets Tax Acknowledgment (ITR).
The accomplish to book belated ITR are aforementioned as how ITR is filed afore the borderline – which for FY 2016-17 is August 5, 2017.
The alone aberration is that instead of filing your ITR beneath area 139(1), you will be appropriate to book ITR beneath area 139(4).
However, afore you alpha filing your belated tax allotment you charge bethink to check:
a) Which tax acknowledgment anatomy was applicative to you for the appraisal year for which you appetite to book the belated return. The actual anatomy for you depends on your sources of income. This is because assets tax administration has been advice new ITR forms for every appraisal year.
b) The aftermost date to book belated ITR is March 31, 2018.
c) If there is any tax due (after answer of beforehand tax and TDS), you will be appropriate to pay a chastening absorption of 1% per month. If there is no tax due, no chastening absorption is appropriate to be paid. Abhishek Soni, CEO, Tax2Win.in says, ‘Even if you ambition to book ITR afterwards the due date, you can still abstain chastening absorption on the bulk of tax payable by advantageous due bulk afore the due date.’
There are two means to book your ITR – either application absolutely online adjustment or downloading excel or java utility, bushing it with the all-important capacity and again uploading it on the website.
Given beneath is the footfall astute adviser to book your ITR absolutely online. This adjustment can alone be acclimated by alone taxpayers who are acceptable to book ITR application anatomy 1 or 4 for AY 2017-18 (Form 1 and 4S up to AY 2016-17)
Step 1: Visit the assets tax e-filing website: www.incometaxindiaefiling.gov.in
Step 2: Bang on the ‘Login Here’ and you will be appropriate to access few details. Access capacity such as – User ID (your PAN), password, Date of bearing and captcha code. Once you bang ‘Submit’, you will be auspiciously logged in your account.
Step 3: Bang on ‘e-file’ tab and baddest the ‘Prepare and abide ITR online’ option.
Step 4: Since you’re filing your ITR afterwards the accomplishment of deadline, you should be accurate while selecting the accordant anatomy and appraisal year.
Step 5: Once you accept entered aloft appropriate details, you will be re-directed to the ITR anatomy page.
Step 6: While filing up the ITR form, bethink to baddest the actual advantage for ‘Return filed beneath area ….’ contrarily the tax acknowledgment won’t be accepted. Baddest the option, ‘After Due date 139(4)’.
Step 7: It is appropriate to ysis that all the advice punched in by you is correct. You can ysis it by baddest ‘Preview and Submit’ option.
Step 8: Afterwards the final submission, you charge not balloon to verify your ITR. Your ITR wouldn’t be advised accurate until it is absolute by you.
Step 9: There are 6 means to verify your ITR. You can either e-verify your ITR application Aadhaar, Net-banking or OTP method. Alternatively, you can accelerate the accepting copy, frequently accepted as ITR-V, to CPC Bengaluru.
Step 10: Once assets tax administration receives your absolute ITR, they will alpha the processing of your ITR. Once ITR is processed, you will be notified about the aforementioned via SMS and E-mail.
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