Till last year, or so to say last assessment year (This is Assessment year 09-10. ), I would just fill in whatever i was asked to by the Consultant in our company and then by end of July he would provide me with an acknowledgement form which said that all my tax returns related issues where taken care of. The best part of the whole process was that it was free becuase of which i never ever bothered to delve deeper into it. This year i am in a different firm and these blokes dont have any arrangement with some tax consulatant to provide us with this assistance. The guy who does come to my office to help us with the tax filing procedure charges 300 bucks...I thought that this i will do it myself and started to look out for a DO-IT-YOURSELF tax filing guide. I did not have to look far because the Income-Tax website provides a very comprehensive list of faq's & Tutorials which make filing your tax a peice of cake. It took me about 5 minutes that ITR-I was the one that i needed to use. You will have to register on the website to file the returns. This is a bit tricky because the server undergoes routine maintainance & will not allow registration during those hours....(However, the error messages are totally non intutive and incorrect that it throws up during these hours!!).
You will have to download a tool to file your returns. The Excel based tool is quite well made and ensures that you do not make any silly mistakes. ( You will need to enable macro's to ensure that they work fine). The Engineer in me tried to look at the code which ofcourse was well protected by a password. There are two versions of the tool one is Excel based for those who have Microsoft Excel installed on their computers. The other version is Adobe's PDF form which can be edited.I did not try that one but i am sure even that will work the same way. Your Form-16 is the source for most of the information that is needed in the form. In case you have some other sources of income you will have to fill that information as well.
The tool output's an XML file which encapuslates all the information that has been entered by you in the Excel sheet. You will have to login into the website (to which by now you would have registered) and then you upload the XML file. You are almost done with filing your return. However, the acknowledgement of having filed the return (ITRV) will be emailed to you in the form of a zip file. On extraction the zip file provides you with a PDF file which is password protected. ( Password = PAN NUMBER+DDMMYYYY(date of birth)). Please note that you will have to enter the password in all lower case ( Took a while to figure this out!!). Take a printout of this and bless it with an autograph of yours & mail it to the address mentioned on the form. That should complete the process of filing for you. Here is a web demo from the website.
So guys & Gals buy yourself a good movie ticket or a good meal for the 300 bucks....and do the tax filing yourself
You can subscribe to this blog by using the links under "Subscribe" section.
You will have to download a tool to file your returns. The Excel based tool is quite well made and ensures that you do not make any silly mistakes. ( You will need to enable macro's to ensure that they work fine). The Engineer in me tried to look at the code which ofcourse was well protected by a password. There are two versions of the tool one is Excel based for those who have Microsoft Excel installed on their computers. The other version is Adobe's PDF form which can be edited.I did not try that one but i am sure even that will work the same way. Your Form-16 is the source for most of the information that is needed in the form. In case you have some other sources of income you will have to fill that information as well.
The tool output's an XML file which encapuslates all the information that has been entered by you in the Excel sheet. You will have to login into the website (to which by now you would have registered) and then you upload the XML file. You are almost done with filing your return. However, the acknowledgement of having filed the return (ITRV) will be emailed to you in the form of a zip file. On extraction the zip file provides you with a PDF file which is password protected. ( Password = PAN NUMBER+DDMMYYYY(date of birth)). Please note that you will have to enter the password in all lower case ( Took a while to figure this out!!). Take a printout of this and bless it with an autograph of yours & mail it to the address mentioned on the form. That should complete the process of filing for you. Here is a web demo from the website.
So guys & Gals buy yourself a good movie ticket or a good meal for the 300 bucks....and do the tax filing yourself
You can subscribe to this blog by using the links under "Subscribe" section.
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3 comments:
very informative Deepak !! thanks a lot ..
Thanks. Hope you too do the income tax file yourself this time around.
good info and very detailed.. :) merci..
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