Taxexcel: Automatic Income Tax Return ITR-I for A.Y.2016-17

Friday 19 August 2016

If you have not yet submitted your Income Tax Return, you may submit the Return after crossing the Return Filling Due Date.

It is most easy to submit the Return through Online. Various Web Site sponsored for Filling the Online Return , But the only Reliable Source for Filling of Income Tax is the Income Tax Department's Online Return Submit Portal TRACES. Given below the instruction " How to fill the Return through TRACES Portal"

Download Automated Income Tax Return ITR-I ( Paper Filling Excel Based Software) for A.Y. 2016-17

For kind information that the please use the Browser Internet Explorer or Mozilla FireFox, you can easily download the same from Web Site and it is Free of cost.

Open the Browser

Click here to open the TRACES Portal

If your Pan Card have not yet Register by TRACES please Register here your Pan Card first.

Look the left-hand side TAX PAYER ( Touch this option) Choose the Individual/HUF

automatically open a new window.Look at the top of this Site (Service) Touch and select Submit Return/Form. After Click automatically open a new Window. Asking this Window your login User ID and Password ( Log in Id will be your PAN No ) and put your Pass Word and there has another option your Date of Birth. Put the appropriate data.

After that again open automatically a New Window.

There have 4( Step) 1) For your Personal Data (2) Your Salary Data (3) Other Data (4) 80G Data.

First, fill the Personal Data then fill the Salary Data as per your Form 16 Part A & B which you have already got from your employer. For your information that after input your data you may save the same as Save bottom.

When you have done all the works, just click the Submit Bottom. Appear a download option of ITR-V ( Acknowledgement) Open the same by the Pass Word ( This Pass Word will be your Pan Card Number and your Date of Birth together) Print the same and send it to the defined address within 90 days. You have almost done.

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Friday 8 July 2016

There are plenty of advantages for filing your income tax return, disadvantages being none. Whereas if you don’t file your return you will abstain from a lot of benefits, let alone the disadvantages.

Now let's check them out in detail:

ADVANTAGES OF FILING YOUR INCOME TAX RETURN:

It becomes your standard income proof
You can get the loans sanctioned quickly and easily
You can trade in stocks, open bank accounts, get bank credits, make investments etc. and you can do all these with ease if you remain good in the financial institutions books by filing your tax returns.
You can claim your refunds for taxes deducted or paid in excess of your tax liabilities.
Many foreign countries want to know how financially sound you are before they grant you with a visa. So to prove your financial worth, Income tax returns are a must.
Not to forget, it is your obligation. The taxes you pay on your income will work towards the betterment of our nation.
For professionals and business organizations, Income tax returns are a must to become eligible to secure certain tenders.

Download Automated Income Tax Return SAHAJ(ITR-I) For F.Y.2015-16 & A.Y.2016-17 [This Excel Based Software (Offline) can prepare automatic SAHAJ(ITR-I) for A.Y.2016-17 ]

DISADVANTAGES OF NOT FILING YOUR INCOME TAX RETURN:

If you don’t file your return in time, you will have to pay interest on your tax dues when you file at a later date.
If you have incurred losses, you can not carry forward the same to subsequent years if you do not file your return.
You could become liable for a penalty or Prosecution by the Income Tax Department if you conceal or fail to disclose your income.