The Income Tax Department generates the acknowledgment form ITR V once you e-file your Income Tax Return. For increased security level to protect your financial information, this ITR V is password protected.
The information age has not done away with the need to keep your paperwork handy. It has only felicitated mode of storage! Much of the paperwork is connected to your income tax returns filing. For you, that means you need to be more organized with paperwork and keep them handy in physical or electronic format.
Last date to file income tax returns is approaching. We often fill up details as contained in our Form 16 and omit other relevant information which needs disclosure. Annual Information Returns (AIR) is one such area which is mostly not provided by us in our ITR.
In our previous article, we tried to help you in decide whether you should e-file your income tax returns? Now we will provide details on how you can e-file your Income Tax Returns and evaluate various options available.
E-filing of income tax returns was enabled by the Income Tax Department a couple of years back. Using the e-filing process is simple and easy for all. Plus you have so many options available to you to prepare your Income Tax Returns.
Read this carefully, before you file your Income Tax Return (ITR), else you might end up putting yourself in big trouble. Many people in-spite of their best efforts are not able to fill error free Income Tax Returns (ITR).