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Video instructions and help with filling out and completing How do you sign an e file tax return
This video is going to demonstrate how to sign your tax return through zero so we're going to send tax returns to you through your email however we're going to get you to sign them latronnik liens in the future and this is a very simple process that's going to eliminate a lot of paper and a lot of confusion around signing pages of tax returns so the first thing is you're going to get this email it's going to be coming from us through zero and it's going to simply say document to sign if we scroll down there's going to be a brief description on what document it is and and there's a brief description on how what you need to do to sign the tax return simply just scroll right down and you're going to click on reviewed documents and what's going to happen it's going to take you to the login page was zero so just log in as normal the next thing you're going to see is the actual document or in this instance the 2022 tax return for you to sign it's quite simple on the left hand side you'll see a little arrow pointing downwards just just start signing also on the right hand side at the top here it's gonna tell see there's number two here it's telling this is two fields to fill out so it was quite simple so the first thing we're gonna do is click on start on the left hand side here we're gonna click on sign here now we're just going to simply type our name in so we can simply leave it as that or alternatively you can use your mouse to physically do a signature and we can do this by clicking draw and I'm just gonna quickly do my signature the best I can and it doesn't matter if it's a little bit messy as long as it's readable it was close to your signature that's fine and it's also funny if you just want to type it in as well that's perfectly acceptable for signing your tax return so I'm just going I'm happy with this even though it looks a little bit funny I'm trying to press apply so that's the first field done now you'll see that the yellow arrows says next someone's going to click that again now I'm going to click their field again and because we saw in the previous field it's going to automatically bring the Eldar signature down now we've completed signing the two fields so the next thing we want to do is click to sign so we're going to do that and what this is going to do is we're going to process the document and send that to to myself and then it'll let me know that you've saw on the tax return and that it's OK for for me to lodge that with the ATO now if you want to.
FAQ
How do I submit income tax returns online?
Here is a step by step guide to e-file your income tax return using ClearTax. It is simple, easy and quick.From 1st July onwards, it is mandatory to link your PAN with Aadhaar and mention it in your IT returns. If you have applied for Aadhaar, you can mention the enrollment number in your returns.Read our Guide on how to link your PAN with Aadhaar.Step 1.Get startedLogin to your ClearTax account.Click on āUpload Form 16 PDFā¢ if you have your Form 16 in PDF format.If you do not have Form 16 in PDF format click on āContinue HereāGet an expert & supportive CA to manage your taxes. Plans start @ Rs.799/-ContinueWhat are you looking for?Account & Book KeepingCompany RegistrationGST RegistrationGST Return FilingIncome Tax FilingTrademark RegistrationOtherStep 2.Enter personal infoEnter your Name, PAN, DOB and Bank account details.Step 3.Enter salary detailsFill in your salary, employee details (Name and TAN) and TDS.Tip: Want to claim HRA? Read the guide.Step 4.Enter deduction detailsEnter investment details under Section 80C(eg. LIC, PPF etc., and claim other tax benefits here.Tip: Do you have kids?Claim benefits on their tuition fees under Section 80CStep 5.Add details of taxes paidIf you have non-salary income,eg. interest income or freelance income, then add tax payments that are already made. You can also add these details by uploading Form 26ASStep 6.E-file your returnIf you see āRefundā or āNo Tax Dueā here, Click on proceed to E-Filing.You will get an acknowledgement number on the next screen.Tip: See a āTax Dueā message? Read this guide to know how to pay your tax dues.Step 7: E-VerifyOnce your return is file E-Verify your income tax return
Where and how do I file income tax returns?
This article focuses on filing the return for Income tax for salaried persons across the country. Some of the basics of Income tax E-Filing will be discussed based on the rules applicable for Financial Year 2013-15 and Assessment Year 2014-15.Who has to file Income Tax Return?According to Section 139(1), every person whose total income during the previous year exceeds the maximum amount which is not chargeable to income tax has to file a tax return. During the current assessment year, any person earning exceeds Rs.2, 00,000/- is required to file Income tax return.Threshold limit of exemption from Income taxIf the person income does not cross the threshold limit set by the central Govt. the person is exempted from paying the Income tax or file income tax return. Below is the table of the different category of people enjoying different threshold limit of exemption from Income tax.Category of people=All Assesses, Threshold limit=2, 00, 000Category of people=Resident Women, Threshold limit=2, 00, 000Category of people=Resident Senior Citizen over 60 years, Threshold limit=2, 50,000Category of people=Resident Senior Citizen over 80 years, Threshold limit=5,00,000However, if an individual total income for the relevant assessment year does not exceed Rs.5 lakhs and consists of income from only salaries and interest from a savings account (not exceeding Rs.10,000), then he/she too will be exempted to file an income tax return, subject to the following conditions:1. The individual has reported to his employer his Permanent Account Number (PAN Number).2. The individual has reported to his employer all the incomes from interest earned from a savings bank account and the necessary tax deduction is done from it.3. The employer has received the Form 16 from employer stating the PAN, details of income and the tax deducted at source and deposited to the credit of the Central Government.4. The individual has executed tax deductions at source (TDS) and the same deposited by an employer to the central govt. thus discharging his total tax liability for the assessment year.5. The individual has no claim of refund of taxes due to him for the income of the assessment year.6. The individual has received the salary from only one employer for the assessment year.Last date for filing Income Tax returnA. The due date for filing of return is 31st of July 2022 for all salaried people for the assessment year 2014-15.B. If a person is not able to file a return on/before a due date, then he may still file a return as the belated/late return.C. Belated/late return shall be filed at any time but before the expiry of one year from the end of the relevant assessment year.D. Income tax return can also be file late, when a notice is issued by the Assessing Officer, within the time allowed in the notice.File a Revise ReturnA. If, in case, a wrong statement or information is filed, the individual always has the option of filing the revised return.B. Revised return must be filed before the expiry of one year from the end of the relevant assessment year or before the completion of the assessment, whichever is earlier.C. Also, the individual can even revise an already revised return if he discovers any mistakes, omission or wrong statement, provided it is revised within the same prescribed time.File Income Tax ReturnThere are four ways to furnish the IT Return to the income tax department. It can be filed in following forms:A. Paper form,B. Electronically filed with a digital signature,C. Electronically filed and then duly signed Form ITR-V must be submitted andD. Furnished in a bar-coded paper format.For individuals whose total income exceeds Rs. 5, oo, ooo /- in the previous assessment year, then he /she can have only two modes to file a return i.e. digital signature or e-file the return and send a duly signed Form ITR-V.Income Tax and Non-Residential CitizenA. Any individual, irrespective of citizenship stays in India for 182 days or more in a year, is treated as resident in that year and their income is taxable in India.B. In the case of non-residents, income tax is not levied unless their salary accrues in India and/or received in India.C. If, by the terms of employment, salary accrues abroad, then the individual would be a non-resident and the salary accrued outside of India would not be taxable.Online companies like LegalRaasta offer E-filing of Income TaxĀ at an all inclusive price of 899/- only
How do I file my income tax return without any CA help? What benefits will I get by filing the return?
It is suggested to take help of a professional while filing return if you do not have knowledge of income tax.In any case, if you want to file it on your own, the basic requirement is knowing you PAN which is Income tax Id, password and DOB. After logging in, download your Form 26AS from website(Form 26AS is a detailed statement which displays all taxes received by income tax department for particular assessment year).Get your Aadhar linked at income tax website.Then some basic calculations depending on your source of income would beĀ· In case you are a salaried employee get your Form 16.Ā· Collect all bank passbooks and calculate all total interest received from you.Ā· Get your 80C deductions list made.Ā· Get total sales and profits figure ready if you are a businessman, your profit should not be less than 8% of turnover in case you are a businessman.Ā· In case you have income under House property head, deductions allowed are municipal taxes actually paid, interest on loan and 30% standard deduction under section 24.Ā· All points cannot be explained as income tax is vast in itself. Answer could have been more precise and exact if you would have specified the heads of income.Tax amount would be calculated as per slab rates applicable to you. You would have to pay challan before filing return.After filing return on website, download your ITR-V and submit documents physically to CPC Bengaluru.For benefit of filing, kindly visit my previous answers.For further clarification, please feel free to comment.
How do I file an ITR?
ITR 1 is a return filing form applicable to the individual who derived salary income from salary, rent and interest. ITR 1 can file by those individuals having income up to Rs.50, 00,000 from the following sources:Income from salary/pensionIncome from one house propertyIncome from other sources(excluding winning from lottery and income from race horses)Steps for filing ITR-1:Get registered: To file your ITR, first you have to get registered on the income tax departmentās online tax filing site. For filing ITR you must have your PAN number. Pryour Permanent Account Number (PAN), name and date of birth and choose a password. Your PAN will be your user ID.Choosing the method of e-filing: There are two methods of e-filing, you can file your ITR online as well as offline. For filing your ITR offline you just need to download the requisite form and have to fill that form manually. And if you want to fill the form online then click on quick e-file option.select the requisite form:ITR 1: For individuals whose source of income is from salary, rent and interest.ITR-2: For individuals who have an income from a capital gains. And ITR-2A for those who has more than one house property but has no capital gains.ITR-3, 4 and 4s: for professionals and business owners.Documents required:Permanent Account NumberForm 16TDS certificateInterest statementsDetails of investmentBank account detailsRent receipts for claiming HRA5. Upload the form: To upload the form we first have to generate the XML file and save it on desktop. Then click on the upload button to upload your ITR. A box will appear asking you whether you want to digitally sign the file or not.6. Verifying ITR-V: the last step is to verify your income tax return online, ITR verification will be generated, known as acknowledgement form. Take out the print out of that form and post it to the following address within 120 days of filing ITR:POST BAG NO.1Electronic city post officeBangalore, Karnataka.
What are the main differences between Canadian and US tax systems?
About 72 hoursā¦That is the difference in time it takes me to file taxes. As a dual citizen I have the fun of filling taxes for both Canada and the US each year. Typically the Canadian taxes take me about 30 - 60 minutes for myself and my wife. Most of that time is spent looking up my RRSP information and finding all the tax forms sent by mail. The tax software is unambiguous. The only thing is I donāt bother with the form for deducting my home office, because the time it takes to fill it out and have my boss sign it, is beyond what it is worth for me.For US taxes, my average time is about 3 days. Some years I am much quicker, and some years much slower. In the end Iām never certain if Iāve done everything correctly. However, there are HUGE fines if I get it wrong. For example, $10,000 for each of my Canadian bank accounts I forget to declare, or accidentally supply slightly wrong information for. The tax software does not help much, unless you already know EXACTLY what you need to file. For example, I know I am required to file Schedule B because I have more than $10,000 in foreign bank accounts. I have had years where not only would the tax software not tell me to select schedule B, but once I managed to find a way to fill it out anyway, the software would drop the form from my results.The US tax system is very largely punitive. It is design overly complex deliberately so law enforcement can easily charge anyone on a tax related crime, if they canāt find anything else. The Canadian tax system is more just designed as a way to collect money.Neither is a good tax system. In the end, the government is collecting your money. They have the software that tells them exactly how much you owe, what you owe it on, and to automatically notify you when you make a mistake. Why in the world do I need to spend a week each year filing the information the government already knows? Instead they should just send me a statement, and I should only have to file if I need to supply a correction.I thought maybe it was just because my taxes are more complicated than the average tax payer. But this year I had to file my motherās taxes for her. She is not a dual citizen, and lives in the US. It only took about 3 hours to file her taxes. But really 3 hours, when she just has social security and two pensions? In the end the tax software still was not right. It would have had her paying a huge amount in state taxes, if I didnāt already know her income was exempt from state taxes. It took me about an hour of fiddling to find the correct way to file with her state tax exemption.To the stateās credit, they actually have a law that says she does not have to file state taxes at all, because there is no money due. But the tax software was not about to tell me that, when they could potentially collect a fee to e-file state taxes. I still filled out the state taxes though, because she needed a copy of her state tax return because it is easier to supply a tax return to government agencies that request one than try and convince them the law didnāt require one to be filed.
Can I file ITR for the last 3 years?
You can file income tax return for last two assessment years in this current financial year. So, in this AY 2017-18, you can file income taxes for previous financial year 20116-17 and last two financial years which are AY 2014-15 and AY 2015-16. If you want to file ITR for other than these years then it is not possible.Tax filing beyond last two years is only possible when you receive any such notice from the income tax department.You can also contact Assessing Officer (AO) in the nearest income tax office and file a manual return for the financial years older than 2 years.you can easily understand file ITR by this video:-If you require more guidelines on filing ITR for previous year, you can subscribe to expert services to get personal consultation over this issue. You can find cheaper services for the same with www.allindiaitr.com.
How do I file an income tax online in India?
OneĀ Ā can file his/her ITR on his own, provided that you are having goodĀ Ā knowledge of the Income Tax and certain provisions which are applicableĀ Ā to you being the type of assessee.Before you start the process, keep a few things handy with you:Bank statementsForm 16 issued by your employer (in case you are a salaried)Copy of last yearās return(if any)Working Internet ConnectionSince, you have the checklist ready, now log on to e-Filing Home Page, Income Tax Department, Government of India and register yourself. Your Permanent Account Number (PAN) will be your user ID.NowĀ Ā view your tax credit statement, Form 26AS for the details of all taxesĀ Ā deducted and deposited with the IT department. Check and reconcile theĀ Ā statement with your form 16.Now, under the āDownloadā¢ menu, click on Income Tax Return Forms and choose the relevant AY and Income Tax Return (ITR) form.OpenĀ Ā the downloaded Return Preparation Software (excel utility) andĀ completeĀ the form by entering all the details, using your Form 16.Ascertain the tax payable by clicking the āCalculate Taxā¢ tab.Pay tax (if any) and enter the challan details in the tax return.Now validate your form through āValidateā¢ tab.An XML file will be generated thereafter which you can save it on your computer.Go to āUpload Returnā¢ on the websiteās left panel and upload the saved XML file.You will be asked whether you wish to digitally sign the file. If you have a DS (digital signature) select āYesā¢ or choose āNoā.TheĀ Ā website now will flash a message of successful e-filing on your screenĀ Ā by generating the acknowledgment form ā¢ ITR Verification (ITR-V) whichĀ Ā has to be downloaded.Lastly, if you did not digitally signĀ theĀ ITR, take a printout of the form ITR-V , sign it preferably in blueĀ ink,Ā and send it only by ordinary or Speed post to the Income-TaxĀ Ā Department-CPC , Post Bag No-1 , Electronic City Post Office, BangaloreĀ āĀ 560 100, Karnataka, within 120 days of filing your return online. ToĀ Ā know more, on mandatory DSC affixing, click hereFor avoiding the common mistakes people do while filling income tax return, you should refer: Avoid these mistakes for happy E-filing of your Income Tax Return ItāsĀ Ā always advisable to take the help of experts and file the accurateĀ Ā income tax return because if any aspect is missed out, revised returnĀ isĀ to be filed which includes number of procedural work andĀ consequences.For income tax e-filing or income tax return online, feel free to visit us at http://www.finmart.com/sr-it-ret...For Detailed knowledge of the benefits of filing Income Tax Return visit Sweet 16 Benefits of filing Income Tax Return this season!
How can I file income tax return independently?
Greeting !!!If you are going to file it yourself, then following is the procedure:-Before you start the process, keep your bank statements, Form 16 issued by your employer and a copy of last year's return at hand. Next, log on to www.incometaxindiaefiling.gov.in. Follow these steps:Step 1: Register yourself on the website. Your Permanent Account Number (PAN) will be your user ID.Step 2: View your tax credit statement ā¢ Form 26AS ā¢ for the financial year 2012-13 . The statement will reflect the taxes deducted by your employer actually deposited with the I-T department. The TDS as per your Form 16 must tally with the figures in Form 26AS. If you file the return despite discrepancies, if any, you could get a notice from the I-T department later.Step 3: Under the 'Download' menu, click on Income Tax Return Forms and choose AY 2013-14 (for financial year 2012-13 ). Download the Income Tax Return (ITR) form applicable to you. If your exempt income exceeds Rs 5,000, the appropriate form will be ITR-2 . If the applicable form is ITR-1 or ITR 4S, you can complete the process on the portal itself, by using the 'Quick e-file ITR' link.Step 4: Open the downloaded Return Preparation Software (excel utility) and complete the form by entering all the details , using your Form 16.Step 5: Ascertain the tax payable by clicking the 'Calculate Tax' tab. Pay tax (if applicable) and enter the challan details in the tax return.Step 6: Confirm all the information in the worksheet by clicking the 'Validate' tab.Step 7: Proceed to generate an XML file and save it on your computer.Step 8: Go to 'Upload Return' on the portal's left panel and upload the saved XML file after selecting 'AY 2013-2022 ' and the relevant form. You will be asked whether you wish to digitally sign the file. If you have obtained a DS (digital signature), select Yes. Or, choose 'No'.Step 9: Once the website flashes the message about successful e-filing on your screen, you can consider the process to be complete. The acknowledgment form ā¢ ITRāVerification (ITR-V ) will be generated and you can download it.Step 10: Take a printout of the form ITR-V , sign it preferably in blue ink, and send it only by ordinary or Speed post to the Income-Tax Department-CPC , Post Bag No-1 , Electronic City Post Office, Bangalore - 560 100, Karnataka, within 120 days of filing your return online.Its Advisable to go with CA help for filling Tax return. There are lots of amendment come in every year, to file accurate return and Tax planning benefit etc so Prefer to go with expert like CA, Tax Preparer etcā¦Be Peaceful
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