Get the free NEW ITR UTILITY - incometaxindiaefiling gov

NEW IT UTILITY These IT utilities are developed using the latest JAVA technology and effort has been made to make it user-friendly, simpler and faster preparation/submission of tax returns. It is recommended

How to fill out new itr utility

How to fill out the new ITR utility:

1. Visit the official website of the Income Tax Department or the e-filing portal.
2. Login using your user ID and password. If you are a new user, register and create an account.
3. Once logged in, select the appropriate ITR form for your income category and assessment year.
4. Download the ITR utility in Excel or Java format.
5. Open the downloaded file and enable macros if prompted.
6. Fill in your personal details such as name, address, PAN number, and contact information.
7. Provide your income details, including salary, business income, capital gains, etc., in the respective sections.
8. Enter deductions and exemptions, such as investments and expenses eligible for tax benefits.
9. Calculate tax payable or refundable.
10. Double-check the entered data for accuracy and completeness.
11. Generate the XML file by clicking on the "Generate XML" button.
12. Save the XML file on your computer.
13. Go back to the e-filing portal and select the relevant year and form.
14. Upload the saved XML file.
15. After successful upload, an acknowledgment or ITR-V will be generated.
16. Download and print the ITR-V, if applicable, and sign it.
17. Send the signed ITR-V to the Income Tax Department within the specified time frame, either by regular or speed post.

Who needs the new ITR utility?

1. Individual taxpayers, including salaried individuals, freelancers, professionals, and businessmen, who are required to file their income tax returns.
2. HUFs (Hindu Undivided Family) that have taxable income.
3. Partnership firms and LLPs (Limited Liability Partnerships) that need to file their tax returns.
4. Companies, including domestic as well as foreign companies, that have taxable income.

It is important for every individual or entity falling under these categories to use the new ITR utility for accurately filing their income tax returns and fulfilling their tax obligations.

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What is new itr utility?

The new itr utility is a software tool used for filing income tax returns electronically.

Who is required to file new itr utility?

Individuals, HUFs, companies, and other entities who earn income in India are required to file using the new itr utility.

How to fill out new itr utility?

You can fill out the new itr utility by entering your income details, deductions, and other relevant information in the software.

What is the purpose of new itr utility?

The purpose of the new itr utility is to facilitate electronic filing of income tax returns and make the process more efficient.

What information must be reported on new itr utility?

You must report your income, deductions, tax payments, and other financial details on the new itr utility.