Friends, Do you Know e-Filing of Income Tax Return?
The e-filing or e-preparation of Income Tax Return is the process of preparing Income Tax Return by using electronic media i.e. TIN-NSDL or other Software.
Type of e-filing or e-preparation Software:
The e-filing or e-preparation of Income Tax Return is the process of preparing Income Tax Return by using electronic media i.e. TIN-NSDL or other Software.
Type of e-filing or e-preparation Software:
- In excel or any where you will prepare your income tax data. It is use manually by the Taxpayee/Assessee.
- Taxpayee/Income Tax practioner uses Auto Calculation Softwares which is fully auto generation. Therefore, E-Filing or e-preparation of Income Tax Returns is the process of electronically submitting Income Tax Return to the Income Tax Department. This process done by the following ways:
- Hard Copy or Manually : This means you can submit your Income Tax return by paper way (Hard Copy) or the output of the XML or other format data, convert in XML and uplod at Income Tax site.
- Soft Copy or Automatically/Electronically: Providers that are Authorized E-Return Intermediaries of ITD, are integrated with the Income Tax Department and authorized to E-File your Income Tax Return. Such providers allow you to E-File your return with a click of a button XML upload is tedious and user may run into issues for incorrect format or validation error .
Benefits of e-filing Income Tax Return.
The process of submission of Income Tax Return go faster and more effective. Action taken by the Income Tax Department is quickly and thus, your Income Tax Refund is send quickly.
The process of submission of Income Tax Return go faster and more effective. Action taken by the Income Tax Department is quickly and thus, your Income Tax Refund is send quickly.
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