New Delhi: The Income Tax department has introduced 'Jhatpat Processing' for filing the income tax return (ITR). The Jhatpat Processing has already started for ITR-1 and 4 and you can file your IT Return for AY 2020-21 by visiting http://incometaxindiaefiling.gov.in.
As per the IT department, over 3.69 crore Income Tax Returns for AY 2020-21 have been filed till December 20, 2020.
Introducing Jhatpat Processing!
— Income Tax India (@IncomeTaxIndia) December 20, 2020
File Karo Jhat Se, Processing Hogi Pat Se.
Processing started for ITR-1 & 4.
File your #ITReturn for AY 2020-21 NOW, by visiting https://t.co/EGL31K6szN#ITRFileKaroJhatpat#AY202021#ITR pic.twitter.com/JZKUzfli9X
In the wake of the COVID-19 pandemic, the government has extended the due date of filing all income-tax return for FY 2019-20 to December 31, 2020. Taxpayers will be filing the Income Tax Return (ITR) for the FY 2019-20 (AY 2020-21).
- Go to the I-T Department’s website, www.incometaxindiaefilling.gov.in, and register yourself with your Permanent Account Number (PAN).
- Your PAN will also be your user ID.
- After you have successfully registered, find the download menu option.
- Now click on e-filling AY 2020-21 and download the ITR-1’s (Sahaj) return preparation software.
- Be mindful, ITR-1’s Sahaj return are for the salaried person, own property, earn interest income or are a pensioner.
- Now using detail given in your Form 16, fill them out in the Return Preparation Software you downloaded.
- Now you can calculate your tax payable by using the “Calculate Tax” tab.
- Pay your tax and enter the challan details in the tax return.
- Click on the validate icon to confirm your details entered. Now create an XML file, which gets automatically saved on your computer.
- Select the “Submit Return” tab and upload the XML file after selecting the “AY 2020-2021” and the relevant form.
- If you have a “digital signature” (DS) now is the time to use it.
- You will be asked if you wish to verify or sign the file. Select either ‘Yes’ or ‘No’.
- A message will come stating that the process has been completed and that you have successfully filed your income tax return.
An ITR Verification (ITR-V) will come and you can download it, the form is also mailed to you on your registered email ID. Print your ITR-V form, remember to sign it in blue ink, and mail it to the Income Tax Department-CPC, Post Bag No-1, Electronic City Post Office, Bangalore — 560100, Karnataka within a time duration of 120 days of uploading your e-return. No documents from couriers will be accepted. The I-T department will send you an email acknowledging that they have received your ITR-V form. If by any chance you do not receive the mail from the I-T department, you can resend your form.
Make sure that you have your PAN card, Aadhaar card, bank account number, investment details and their respective proof certificates, Form 16, Form 26 AS --and keep them handy.
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