July 31 end, the
deadline to file your tax return. Note that if your taxable income last year
(2013-14) exceeded Rs. 5 lakh, you have
no choice but to file the tax return electronically.
E-filing of tax
returns, as this is known, can also be done by those with annual taxable income
below Rs. 5 lakh if you choose to; else, you can continue with the physical tax
filing.
Now, you may have
chosen to do your filing through your tax consultant, and paid a tidy fee for
this service to boot. That is not a bad idea if your income sources are
extensive or your tax computation details are complicated.
E-filing process..
But, the E-filing
process is quite straightforward and you could also do it yourself, especially
if your income and tax details are not complex.
You are also spoilt
for choice when it comes to websites that offer e-filing services. Narrowing
down which one to use depends on how comfortable you are with calculations and,
of course, how much you’re willing to spend.
If you are
comfortable with your tax calculations, you can directly E-file your returns
with the Income Tax Department through the website https://incometaxindiaefiling.gov.in/.
This will save you
money since the service is free of charge. Just keep your papers handy, log
onto the website, and follow the detailed steps mentioned there. What you file
through this route is known only to you and the tax department.
But, if you are not
comfortable E-filing on your own, there are many tax-filing websites, known as
e-return intermediaries which will handhold you through the process, usually
for a fee.
Portals like www.taxsmile.com,
www.taxspanner.com, www.cleartax.in, www.myitreturn.com, and
www.easyitfiling.com provide various e-filing services.
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