Last date for filing IT returns is 31-Jul-2011
Even though this post is not relevant to the blog, just adding it as it very useful for those who wants to file thier returns.
Currently there are many paid and free services for filing the returns. Some of the paid services are as follows:
- http://www.taxmunshi.com/
- http://www.taxspanner.com/
There are various other paid services but I found these to be the lowest Rs. 199 and Rs. 249 respectively.
If you are like me, who is not interested to spend a paisa on the filing
the tax return then you have to visit the following site:
https://incometaxindiaefiling.gov.in
First Step: Login to the
portal.
If you don’t have the log in then register and create your id. It
requires your PAN card details so keep them handy. If you don’t have PAN
card with you at the moment, then don’t worry. Here is the
link which you can access to know your PAN Card details.
Second Step: Download the excel utility or pdf Utility from the following
link. For salaried professional download ITR-1. My suggestion would be to download the excel utility.
Third Step: This step requires you to have your Form 16 from your
employer. Once you have that with you, you can go ahead with filling the
excel utility or pdf utility. I am assuming that excel is what you have
downloaded based on my suggestion since it is very easy to fill.
Now in detail, we will go about filling the excel utility.
- It is necessary to ENABLE the execution of macros in
Return-Preparation-Utility in order to enter, validate and generate an
.XML file for upload. Follow these steps to ENABLE execution of macros
depending on the version of [Microsoft Office Excel] being used to open
the Return-Preparation-Utility.[Microsoft Office Excel 2003] Navigate
through the following excel menu option to reduce the level of security
in executing macros : Tools –> Macros –> Security
- OR
- Tools –> Macros –> Security –> Medium
- Save the excel-utility and re-open it.
- [Microsoft Office Excel 2007] Navigate through the following excel
menu options to reduce the level of security in executing macros : Excel
Options –> Trust Centre –> Trust Centre Settings –> Macro
Settings –> Enable all macros
- AND
- Excel Options –> Trust Centre –> Trust Centre Settings –>
ActiveX Settings –> Enable all controls without restriction and
without prompting
- Save the excel-utility and re-open it.
- [Microsoft Office Excel 2010] When you open the EXCEL-UTILITY, the
yellow Message Bar appears with a shield icon and the Enable Content
button. Click on the Enable Content to enable the macros.
- Fill in your name and address and other details in personal information column.
- Clearly mention the ward/circle for filing; since I reside in
Bangalore, I have given it as Bangalore Circle. You can find your own
from this following link.
- In the section Return filed under Section, fill in “11-u/s 139(1)“.
- In ” income & deductions” section of the excel sheet, field1
namely, Income from Salary / Pension (Ensure to fill Sch TDS1) can be
filled using field 6 in the form 16 namely “Income chargeable under the
head ‘Salaries’(3-5)“
- If you have a home loan then, Income from one House Property should
be filled with Loss From House Property value from your Form 16.
- If you have any other Source of income then you have to mention the
same in the next row i.e. Income from Other Sources (Ensure to fill Sch
TDS2).
- Fill the next section namely Dedcutions under Chapter VI A (Section)
referring to section with the same name from form16. It is a one to one
correspondence between the fields.
- Move to next worksheet i.e. TDS, where in you mention the details of
your employer as given in Form 16 and also the Income chargeable under
the head Salaries will be the amount that is obtained from the First
worksheet Row 7. Total Income (4 – 6).
- Once that is done, complete the Details of Advance Tax and Self
Assessment Tax Payments referring to your Form 16 namely from the
ANNEXURE-B section DETAILS OF TAX DEDUCTED AND DEPOSITED IN THE CENTRAL
GOVERNMENT ACCOUNT THROUGH CHALLAN.
- Lastly fill the Tax paid and Verification worksheet. Once everything
is done. Validate the utility by pressing the Validate button. If you
have done everything correctly, then there should be no issues. If you
have made any error, please correct the same.
- Click on Calculate Tax in the first worksheet and Generate Xml file.
Now only two steps are remaining for you to complete the e-filing of the returns.
Once you have generated the XML file, login to the portal. Then in the
left, you can find the Submit returns; click the select assessment year,
then AY 11 -12. You will land in this
page. Select ITR-1 and say No for digitally signing the file.
Once done, upload the file and voila, it is all done.

You will get an acknowledgment from the IT- Department in your email
that you have registered. It should be instantaneous. If you don’t get
it in some time, please wait for an hour or so and still if you don’t
get the same then my suggestion would be to re-upload the xml file.
Last and important step for filing the income tax returns is as follows:
Since you have not digitally signed the file, you have to send the
acknowledgment back to IT office. Please furnish the signed and verified
Form ITR-V to the Income-tax Department by mailing it to
Income Tax Department – CPC,
Post Bag No – 1 , Electronic City Post Office, Bangalore – 560100, Karnataka.
Please send it by ORDINARY POST OR SPEEDPOST ONLY within a period of 120
days from the date of transmitting the data electronically.
ITR-V sent by Registered Post or Courier will not be accepted. Form
ITR-V shall not be received in any other office of the Income-tax
Department or in any other manner.
Once you have sent the ITR-V, you can check the status of the same using the following
link.
Hope this helps and please spread the word so that many can benefit from the same. Thank you.