Prajna Capital - An Investment Guide

IT returns e-filing is now easy. Login to https://incometaxindiaefiling.gov.in/portal/index.jsp to file your returns. e-Filing Process – At a glance Select appropriate type of Return Form Download Return Preparation Software for selected Return Form. Fill your return offline and generate a XML file. Register and create a user id/password Login and click on relevant form on left panel and select "Submit Return" Browse to select XML file and click on "Upload" button On successful upload acknowledgment details would be displayed. Click on "Print" to generate printout of acknowledgment/ITR-V Form. In case the return is digitally signed, on generation of "Acknowledgment" the Return Filing process gets completed. You may take a printout of the Acknowledgment for your record. In case the return is not digitally signed, on successful uploading of e-Return, the ITR-V Form would be generated which needs to be printed by the tax payers. This is an acknowle...

It's that time of the year again. You knew all along that it would come, whether you ignored or waited for it. The pages of the calendar have turned and you can hear colleagues waking up to it. And you know you can't run away from it any more. We are talking about 31 July, the day we are reminded of our bondage, the price we have to pay for many of the good things in our life. This happens to be the last day for filing income tax returns for all salaried Indians, be they resident or non-resident. Of course, you must have done everything legally possible to maximise your freedom from this bondage called tax. But then, the law permits you only that much. The rest, as they say, is illegal. You might also have wondered about the word return being used for an outgo. Maybe it's because governments always want citizens to see things from their point of view, perhaps for the larger good. Filing of tax is compulsory for everyone whose gross total income - the income under the five h...