Skip to main content

How to use ITR using excel utility to upload E-filing income tax return

Invest in ELSS Funds Online and Save Tax




Every year the Income tax department is trying to make the process of filing tax returns easier for taxpayers. Here is a step by step guide on the procedure of uploading and filing income tax returns online.

There are two ways to file income tax return online. One is to download the applicable I-T form from the income tax website, fill the form offline, save it, generate an xml file and then upload it. Another way of doing it is to enter the relevant data directly in an online form and submit it

However, the latter method is available only for ITR 1 and ITR 4 and not for forms for other categories of individual taxpayers.

This e-filing method can be used to file any ITR applicable to individuals whereas e-filing totally online method is available as an alternative only for filing ITR 1 and ITR 4.

Visit website – www.incometaxefiling.gov.in

<img class="alignnone size-full" src="http://discountwalas.com/wp-content/uploads/2017/06/taxreturn/image-1.jpg" width="630" height="369" />

Download the ITR form applicable to you depending on the types of income you have received in the financial year for which the return is to be filed. The form is available in two alternative software formats-excel and java. The ITR forms are available under the "Downloads" tab given on the website for the relevant year. You can download whichever software you are comfortable in using.

<img class="alignnone size-full" src="http://discountwalas.com/wp-content/uploads/2017/06/taxreturn/image-2.jpg" width="630" height="380" />

Prepare the return by filling all the relevant information in the form which is available in two alternative software formats-excel and java. Tip: The cells with text in red colour have to be filled mandatorily and data has to be entered in green coloured cells by the taxpayer. While filling up the sheets some white background cells automatically pick up data as they are system calculated based on data entered by you in other cells. Also, while filling the form, click the validate button once  (after filling the sheet) to ensure all the relevant sections have been filled.

Some excel functions have to be enabled before filing up the ITR form in excel format. The side buttons i.e. validate and other buttons of the excel file will work only if 'Macros' and 'ActiveX' function of the Excel workbook is enabled. The Macros can be enabled by visiting File > Excel options > Trust Centre > Trust Centre Settings > Macro Settings > Enable All Macro > Click 'OK' button twice to save this setting. The 'ActiveX settings' is also enabled in the similar fashion  like macros in the Trust Centre settings.

The ITR form will have multiple sheets – some relate to general information and computation of tax whereas others relate to different types of income and tax rebates. Open each sheet and fill the ones that are applicable to you depending on the types of income you have earned in the year for which the return is being filed. The general information sheet will have to be filled in all cases. Most of the fields (with white colour background) in the tax computation sheet get filled automatically once you fill the income sheets relating to those fields.

After you have entered all the information in the different worksheets (which are applicable to you) of excel file, save the sheet and then click 'Generate XML' button to generate xml version of your return. It is advisable to open the XML file generated and check that all the information filled in the form by you is showing correctly.

Now visit the e-filing website again to upload and file the return. If you are a first time user or filing your returns for the first time then click on 'New Registration' and register yourself by providing the relevant information. One should make sure that email ID and mobile number is correctly mentioned while registering. This is because the I-T department sends all communication to you on your email. If you have already registered yourself then click on the 'Registered user'.

<img class="alignnone size-full" src="http://discountwalas.com/wp-content/uploads/2017/06/taxreturn/image-4.jpg" width="630" height="326" />

Enter your user ID i.e. your PAN, password, Date of birth and enter 'Captcha' to sign in.


<img class="alignnone size-full" src="http://discountwalas.com/wp-content/uploads/2017/06/taxreturn/image-5.jpg" width="630" height="656" />

Click on 'e-file' tab and select the 'Upload Return' option.

<img class="alignnone size-full" src="http://discountwalas.com/wp-content/uploads/2017/06/taxreturn/image-6.jpg" width="630" height="435" />




After clicking the 'Upload Return' option, the website will direct you to page where you will be required to enter few details while uploading your ITR for the relevant year. Enter details required: the relevant assessment year, ITR form name, digital signature. PAN detail will be pre-filled.

Attach the ITR XML file using the browse button. (The same file which you have generated after filling the required information in excel/java utility software.)

Click on 'digital signature certificate' yes, if you are using this option. While using a digital signature, one should ensure that the signature is registered with the e-filing website

<img class="alignnone size-full" src="http://discountwalas.com/wp-content/uploads/2017/06/taxreturn/image-7.jpg" width="630" height="358" />



If you are using 'digital signature' option and click on the 'Submit' button, after all the information is entered, then the website will ask you to upload the pre-registered signature. Once the signature is uploaded successfully, the process of submitting ITR online is completed. The acknowledgement receipt will be sent to your email id. You're not required to send the signed physical copy.

If you are not using digital signature then you will be required to verify your return using any of the options provided by the income tax department. Process of uploading return in xml format is the same as described above. Once the return is successfully uploaded in the XML format, go to 'My Account' tab and click 'e-filed returns' option. Here the website will show you the status of all the returns uploaded and filed (old and new) by you along with the status (processed, uploaded or pending for e-verification).



<img class="alignnone size-full" src="http://discountwalas.com/wp-content/uploads/2017/06/taxreturn/image-8.jpg" width="630" height="262" />

Once the return is uploaded, a person is required to verify his return using electronic verification code, Aadhaar OTP or by sending the signed acknowledgement copy (ITR-V) to CPC, Bengaluru.


Inline image 1


If you wish to e-verify your return then go to 'My account' tab and select 'e-verify' option. A person can e-verify his return by using either Aadhaar OTP option or electronic verification code option.
<img class="alignnone size-full" src="http://discountwalas.com/wp-content/uploads/2017/06/taxreturn/image-9.jpg" width="630" height="319" />

Once the verification process is chosen and completed then the process of filing ITR completes. The I-T department will then process your verified returns and sent you an email confirmation stating the same.





Invest Rs 1,50,000 and Save Tax up to Rs 46,350 under Section 80C. Get Great Returns by Investing in Top Performing Tax Saving ELSS Funds. Save Tax Get Rich

Top 10 Tax Saving Mutual Funds of 2018

Best 10 ELSS Mutual Funds to Invest in India of 2018

1. Tata India Tax Savings Fund 

2. Mirae Asset Tax Saver Fund

3. DSP BlackRock Tax Saver Fund

4. Sundaram Diversified Equity Fund

5. Birla Sun Life Tax Relief 96

6. ICICI Prudential Long Term Equity Fund

7. Invesco India Tax Plan

8. Reliance Tax Saver (ELSS) Fund

9. Axis Tax Saver Fund

10. BNP Paribas Long Term Equity Fund


Invest in Best Performing Tax Saver Mutual Funds of 2018

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms


For further information contact SaveTaxGetRich on 94 8300 8300

OR

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

OR

Call us on 94 8300 8300


Popular posts from this blog

Surrender ULPPs

  ICICI Pru LifeTime and ICICI Pru Lifestage are Unit Linked Pension Plans. Such insurance linked retirement plans are neither good investments nor do they offer sufficient insurance cover. As you can see, these have turned out to be bad deals. In the Lifetime plan, the fund value is not even equal to the total premiums that you have paid and in the Lifestage plan your return is just about 6% which is quite low. The mortality charges are as per your age which is why they have increased. Moreover, once these plans matures, you will have to compulsorily opt for annuity (regular income) and the annuity rates are generally modest. Assuming these plans mature in the next one year, it will be wise to surrender the plan now and curb your future commitments.   Before you choose to buy a term plan, you have to consider a few points. You need to insure yourself, only during the time you are working and your family is financially dependent on you. At the age of 59, not all insurance companies w...

ICICI Pru Constant Maturity Gilt dividend

Invest ICICI Prudential Constant Maturity Gilt Fund Online ICICI Prudential Mutual Fund   has announced dividend under the following schemes: Scheme Dividend ( R /unit) ICICI Pru Constant Maturity Gilt-DQ 0.26543239 ICICI Pru Constant Maturity Gilt Direct-DQ 0.27171609 ICICI Pru Q Interval Plan I-D 0.10617296 ICICI Pru Q Interval Plan I Direct-D 0.10703967 ICICI Pru Q Interval Plan I Ret-D 0.10617296             The record date has been fixed as June 13, 2016.   ----------------------------------------------- Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds Top 10 Tax Saver Mutual Funds to invest in India for 2016 Best 10 ELSS Mutual Funds in india for 2016 1. BNP Paribas Long Term Equity Fund 2. Axis Tax Saver Fund 3. Franklin India TaxShield 4. ICICI Prudential Long Term Equity Fund 5. IDFC Tax Advantage (ELSS) Fund 6. Birla Sun Life Tax Relief 96 7. DSP BlackRock Tax Saver Fund 8. Reliance Tax Saver (ELSS) ...

NPS Investment Choice for Safe Investors

Invest NPS Online       Whether they invested through SIPs or put in a lump sum amount, risk-averse individ uals have earned the highest returns. These are investors who stayed away from stocks and divided their NPS corpus between G class gilt funds and C class corporate debt funds. On average, gilt funds have given 9.75% annualised returns while corporate debt funds have churned out more than 11% in the past five years. As a result, the average return for ultra-safe investors in the past five years is in double digits. Even in the short term, ultrasafe investors have been the biggest gainers among NPS investors. Will the good times continue? The gilt funds of NPS are holding long-term bonds with an average maturity of over 19 years and a modified duration of about 9 years.These funds have done well because interest rate cuts have pushed down bond yields. But experts say this trend will not stay forever. NPS is a long-term investment and the bonds are predominantly held to matu...

Buy Health Insurance Plan even if you are covered with my Employer

Buy Health Insurance Plan Online Yes, getting a private insurance cover now, which extends beyond your retirement age, is recommended There are a few reasons why buying a health insurance plan may make sense even though you get medical insurance from your employer. Here are the points you need to think about. Firstly, your employer's insurance coverage will only protect you as long as you are employed with the company. The policy will terminate when you quit the job or when you retire. Post retirement is perhaps the phase when one needs it the most but you won't have it then. Moreover, buying a new insurance policy after the age of 50 means that there will be no coverage for pre-existing diseases.   Lastly, health insurance policy you get from your employer may or may not cover your dependants. ------------------------------ ----------------- Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds Top 10 Tax Saver M...

SBI MAGNUM MIDCAP ONLINE

Invest SBI MAGNUM MIDCAP ONLINE   SBI MAGNUM MIDCAP fund didn't fare well in its initial years but, in recent years, has steadily improved its performance under the capable hands of its current fund manager. Although investing predominantly in mid-cap stocks, the average market capitalisation of its portfolio is lower than other category peers.   Although the stock selection approach is mostly bottom-up , the fund manager doesn't shy away from taking bold sector bets , as is reflected in its large exposure to the healthcare sector. She is equally adept at handling performance across market cycles--the fund has captured more of the upside during market upticks and contained the downside during downturns in a better manner than its peers.   Given its superior risk-reward equation, the fund is a worthy pick in its category.     ----------------------------------------------- Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing EL...
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now