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How to File Income Tax Return

Income Tax | Tax Planning
April 3, 2019
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The e-filing of income tax returns is compulsory for all income-earning individuals in India. To file your taxes online, you will have to submit your income tax returns on the portal. E-filing of your taxes is hassle-free and convenient.

As per section 139(1) of the Income Tax Act, 1961 in the country, individuals whose total income during the previous year exceeds the maximum amount not chargeable to tax, should file their income tax returns (ITR).


What is E-Filing?

Electronic filing, or e-filing of returns, as it is also called, is basically the submission of an individual’s income tax returns online. The filing of returns can be done in two ways – one is the conventional offline route which requires you to visit the office of the Income Tax Department and doing it manually, and the other is to file the returns on the internet. E-filing has been gaining a lot of popularity in recent years thanks to advancements in technology. E-filing is also relatively easier in comparison with offline filing as it doesn’t involve tedious paperwork and can be done from the comfort of your home.