Enquiry form


How To File Income Tax Return Online

Nov 22, 2022 Alankit

Wondering whether you should file your tax return or not? Or how you can file your ITR while having income below the basic exemption limit? Let Alankit help!
Read on to learn more about the reasons for filing the income tax return even if you don't fall in the taxable income schedule. This will surely help you in the future.

In addition to this, there are two ways in which you can file your ITR:

  • Online Method
  • Offline Method

Reasons to file Income Tax Returns:

  • Easy Loan Approval: Filing ITR will help you when you have to apply for a vehicle loan, house loan, etc.
  • Quick Visa Processing: Most embassies and consulates require you to furnish copies of your Tax Return for the past couple of years at the time of visa application.
  • Claim Tax Refund: If you have a refund due from the Income Tax Department, then your filed ITR will help you claim the refund.
  • Income & Address Proof: Income Tax returns can be used as proof of your income & address.
  • Carry Forwarding of Losses: If you submit the ITR within the due date, you can roll over the losses to subsequent years, which can be used to offset the following year's income.
  • Avoid Penalty: If you don’t file your ITR, then the tax officer deserves the right to impose a penalty of up to Rs. 5,000. So, you should file your ITR before the due date to save yourself from the penalty that follows.

Step-By-Step Guide to File ITR Online:

  • Log In to your portal for e-filing.
  • Choose the option to file Income Tax Return.
  • Select the assessment year of filing.
  • Select the online mode of filing.
  • Select the status that applies to you to proceed (any of the three mentioned below).
    » Individual
    » HUF
    » Others
  • Choose the type of ITR Form you have to file according to your status & line of business.
  • Mention the reasons for tax return filing.
  • Confirm your bank details.
  • You will then be directed to a new page to file your income tax returns. The page will contain a lot of information filled already. Check them to make sure all the details mentioned are correct. Then, confirm the summary of your returns and validate it.
  • In the end, verify your returns and send the hard copy to Alankit’s office, which will further do the submission process for you.

We also provide an offline facility to file the Income Tax Return.

Why ITR services with Alankit:

  • Best tax consultants
  • Timely acknowledgement & receipt of hard copy
  • Assurance of information security
  • Swift and error-free processing

At Alankit, our tax professionals guide you to ITR return online filing and claim maximum tax benefits with utmost security and accuracy.

Comment Box
Social Profiles Links
Request A Call Back