GRUPPO ITALIA DEI VALORI REGIONE LOMBARDIA

SonaliJuly 6, 2011 Comment be read with following corrtceions:This article is factually wrong in critical parts. It appears its written witout actually talking to people who have done the exercise as per different options indicated therein or deliberately fudges. Such wrong articles should be taken down from this website or amended forthwith as otherwise reduces value of the site to the lay reader or is geared to lead people to use paid sites.E-filing can be done absolutely FREE, by downloading the relevant (depending on nature of income) excel files provided on the incometaxindia.gov.in website. A version downloaded in earlier year, will not work in subsequent year. SO download afresh each year. There is usually a lag in putting up excel version of the files on site (initially pdf versions only are put up), so check back again say two months before due date.It has autochecking and XML generation option right in inside it. The XML file has to be uploaded after logging into the efiling site You should create your profile for e-filing first and then log in to upload. The only cost required, in this option, is that of obtaining a digital signature before hand and prior to efiling. People with salary and interest income only should certianly consider doing all this on their own. Others who are required to make balancesheet, P&L but not comfortable with them may require professional help to prepare them and insert in correct slots in excel file. Opening a efiling ID etc is free.WITHOUT DIGITAL SIGNATURE ALSO you CAN EFILE IT Return. Only after filing take a print of the ITR V (link comes after successful efiling) and is also there in the link in your account’s space. It is also emailed to you (but usually there is a few days delay). Take print of this, physically sign it and POST vide speed or ordinary (no registered post) within permitted time frame (if memory serves right within 60 days time) to the CPC Bangalore address provided in the ITR V thus generated. Its been at least two years that ITR V (which is the acknowledgement and is actually one page summary of return just filed) with signature is NOT / should not be accepted by your local tax office. Read the income tax dept website it provides the full information. After the ITRV is taken on record by CPC you will get an emailed acknowledgement and when processed there can be demand for further tax. Incidentally even the tax itself can be paid vide internet banking etc. Only if you use any of the commercial e-filing websites that various amounts for e-filing have to be paid to use their software and upload through them. Only close to due dates for filing return, there is problem logging in so complete the exercise before due date and register for e-filing etc even earlier. Even if you dont efile after creating profile you can at least monitor the TDS deductions from the links in your account.

Hi Vinod,I suppose you will reicvee it this year. Let our fellow readers also know when you reicvee the refund so they can also expect accordingly. You can bookmark this page for your ease.Cheers