It is mandatory to pay your taxes irrespective of the country you are living. The businessmen, entrepreneurs, the people having some income from their pensions or investments also need to pay income taxes to their governments. Actually, the taxpayers need to inform about all the details of their total income while filing a return. So, it is important for everyone to know the correct steps to be taken for filing 2018 tax return online. Thus, they can save the hassles of visiting the local income tax office in person.
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| Tax Return Online |
Correct measures adopted for filing 2018 tax return online
- Many documents need to be submitted for e-filing the tax return successfully. So it is best to keep all those documents ready at hand, including the bank statements, declarations of share investments, entries of interest, TDS, records of property deals, and health insurance statements.
- The taxpayers can opt to file 2018 tax return online they know how to file their return on income tax portal. They may also hire the services of educated professionals like Advocates and Chartered Accountants who handle the payments of income taxes of their clients. It is best to check the reputation of these income tax consultants before hiring their services.
- Nowadays IT department publish different types of forms for submitting the tax returns for the people belonging to different occupations and having various sources of income. However, only the most common types of forms are easily available online and can be downloaded from the website of the Income Tax Department of the government.
- The taxpayers should not use the forms issued last year, as there can be some changes in the new form issued this year. So it is best to download the latest form issued by the Income Tax Department for filing 2018 tax return online.
- The income tax return form has many distinct parts, where the taxpayers need to mention their general information, gross total income from all sources, tax deductions and the taxable income. There are also separate sections for showing the exact calculations of taxable income, details of advance tax, and the TDS/TCS details.
- Firstly, the taxpayer needs to enter the website for the filing of 2018 tax return online. There, he needs to click on the “Filing of Income Tax Return” option mentioned on the menu of the site. As the new page opens, the taxpayer should put in his PAN number, definite password and a few other required details. Then he will be able to log in to the portal for e-filing of his income tax. If he doesn’t have login-id he will need to register on income tax portal before the filing of a return.
- The assessment year should be chosen as 2018 – 19 from the given menu on this portal. Then the specific ITR form should be downloaded from the drop-down system of the menu. After filling up all the required details carefully on that form, it should be uploaded by clicking the “Submission” tab.
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| Tax Return Online |
- Then a few options appear on the screen for ITR verification, among which the most suitable one should be chosen and clicked for 2018 tax return online. There is also special software for helping the new taxpayers in e-filing of their income taxes, which can be downloaded. This software helps in filling up the downloaded ITR form perfectly.
- As the filled up ITR form is submitted online successfully, an OTP is sent to the mentioned mobile number of the taxpayer. This OTP should be entered in the given box and need to agree to validate the details, before final submission.
Conclusion:
After understanding above give steps to e-filing your return, you can easily file your return and you will get a PDF file from the Income Tax Department regarding your ITR-V acknowledgement to your given email id.
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