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Filing & New IT Return Forms Income Tax By CA Darkness Mitral INCOME TAX Steps for Filing The Portal Software for Preparation of Return & Upload Registration on the Portal Login on the Portal Uploading
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How to fill out e-filing new it return
How to fill out e-filing new IT return:
01
Visit the official website of the tax department and log in to your account using your credentials.
02
Select the option for filing a new IT return and choose the relevant assessment year.
03
Provide your personal information such as name, PAN number, address, and contact details.
04
Enter your income details, including salary, business income, rental income, and any other sources of income.
05
Declare your deductions and exemptions, such as investments, home loan interest, medical expenses, etc.
06
Calculate the total tax payable based on your income and deductions.
07
Upload the necessary supporting documents, such as Form 16, Form 26AS, tax-saving investment proofs, etc.
08
Review the details filled in the form and make any necessary corrections or additions.
09
Submit the form electronically and generate the acknowledgement for future reference.
Who needs e-filing new IT return:
01
Individuals who have taxable income exceeding the specified threshold set by the tax department.
02
Self-employed individuals, freelancers, and business owners who need to report their earnings and pay taxes on their income.
03
Individuals who have multiple sources of income, such as salary, rental income, capital gains, etc., and need to consolidate and file their tax returns accurately.
04
Individuals who want to claim deductions and exemptions on their taxable income to reduce their tax liabilities.
05
Residents and non-residents who earn income in India and are required to file tax returns as per the Income Tax Act.
06
Individuals who wish to avail benefits such as carry forward of losses, claim refunds, or establish their income history for future financial transactions.
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What is e-filing new it return?
E-filing new it return is the electronic filing of income tax returns.
Who is required to file e-filing new it return?
Individuals and entities with taxable income are required to file e-filing new it return.
How to fill out e-filing new it return?
E-filing new it return can be filled out online on the official tax department website.
What is the purpose of e-filing new it return?
The purpose of e-filing new it return is to report taxable income and pay the appropriate amount of tax.
What information must be reported on e-filing new it return?
Information such as income, deductions, credits, and tax payments must be reported on e-filing new it return.
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