Compulsory filing of online income tax return for individual and HUF if the total income exceeds ten lakh rupees

CBDT issued Notification No.14 /2012 dated 28^th March 2012 bringing necessary changes in Rule 12  to make it compulsory filing of Income tax return if the total income of Individual or HUF exceeds ten lakh rupees. The compulsory online filing is applicable from the Assessment Year 2012-13 and subsequent assessment years. The online return can be filed in the following two manner.

1. Furnishing the return electronically with digital signature.
2. Transmitting the data in the return electronically and thereafter submitting the verification of the return in Form ITR-V whit in the specified time.

Following are the step by step procedure to be followed for online fling of income tax return.

Register your PAN in Income tax E-filing website https://incometaxindiaefiling.gov.in

Go to the https://incometaxindiaefiling.gov.in website and click on Register

Put you PAN in the field provided and click the button to go to next step. You have to update the Name, date of birth, fathers name, password, mail-id and mobile No. Give the correct details as per the PAN database to avoid the error message. On successful registration a mail will be sent to the mail id provided and the link provided in the mail is to be clicked to activate the account.

Download and prepare the Income tax return in the excel utility provided.

Download the applicable Income tax return (ITR) from the website.

The tax returns are available in excel format and macros should be enabled to work in this excel utility. Fill up all required details in the ITR excel utility. You can cross check the tax credit available in your account as per income tax database Form 26AS while preparing the tax return to avoid any mismatch. Form 26AS will show the details of TDS and the Self-assessment tax paid for your PAN. This can be viewed in the website under services menu. After preparing the return, validate the return and generate xml file to upload.

Login and upload the xml file generated.

Login to the https://incometaxindiaefiling.gov.in using the user name and password. On successful login, select the assessment year under submit return section. Select the correct ITR number and select whether you want to submit the return with digital signature or without digital signature. In next screen it will allow you to choose the xml file and upload. On successful upload a link will be provided to download the ITR-V (Acknowledgment). If you have uploaded the return without digital signature, you will have to submit the ITR-V to the Central Processing Centre within 120 days.

If you are uploading the return with digital signature, before uploading the return you have to register the digital signature in the website. Submission of ITR-V to the Central Processing Centre is not required in case ITR is uploaded with digital signature.