When income tax returns are filed through the internet, this process is known as income tax efiling login. For firms and companies that require section 44AB audit, it is compulsory to submit the tax returns electronically. Without an e filing receipt, any income tax returns of company and firm requiring section 44AB audit will not be accepted. Focusing on following benefits to tax payers, income tax department is keenly encouraging e filing of income tax returns by all tax payers.
Ø The income tax return can be filed from anywhere and anytime.
Ø The tax payers do not need to waste time waiting in long queues.
Ø There is no personnel interface
Ø The processing does not take long.
Ø Data is accurate in income tax returns.
To perform income tax efiling login, you have to follow below mentioned steps.
Ø You can download STO-ITR Software or use Online ITR Filing program.
Ø Feed your income tax details which are based on in-built validation and tool tips to ensure that the details filled in are correct.
Ø You are free to complete the filling of the form at your convenience and save the form at any stage.
Ø For generating the xml file of your income tax returns, click on “generate XML file” button and save it on your computer file.
Ø To create your user ID and password, open the income tax department efiling website.
Ø Click the “submit IT return” button on the webpage after you have signed in.
Ø Locate your xml file which you have saved on computer, it corresponds to your income tax returns. The internet connection should be intact all through the process. You don't require digital signature for efiling your returns.
Ø Income tax department website generates a receipt against your returns after you have uploaded your income tax details and validation on the website. This receipt should be kept for future records and need not be submitted to the income tax department.
Ø Electronic receipt generated will be ITR-V form, in case you have filed your returns without digital signature and it can be generated by income tax department only.
Ø Other intermediaries can also assist you in filing your returns.
This is how you can do income tax efiling login and pay your returns.