File your ITR on your own

July 17, 2018 Finance Talk Valli Sarvani No comments

The taxpayers should file their income tax returns by July 31. Many taxpayers feel it’s difficult to file their returns and rush to the help of tax professionals.

However, filing income tax returns is not as difficult as you think. You can file it on your own.

Here are certain reasons to file your ITR on your own:

If you are filing your returns for the first time, then you have to register on the portal. You can simply register on the e-fling portal of the government of India. After successful registration, simply follow specified steps to file returns.

Now that it is very easy to get your form 26 AS due to digitalization, it became much easier to use them. Your personal as well as tax details are pre-filled hence hassle-free filing is possible.

Tax payment option is linked to your tax return form to ease online payment of taxes. So, you can easily pay the tax amount.

Earlier, there was a process in which the duly filled ITR forms or acknowledgments are sent to income tax department at Bengaluru. Now, IT department made it easy to verify the tax returns by the taxpayers electronically. This e-verification process can be done easily, through Aadhaar.

Now, ITRs can be easily assessed as the process is simplified. Income tax department can now send various notices to the registered email ID of the taxpayer in case of conflicts and dispute so that they can be solved immediately and at a faster pace.

If you are filing your returns yourself, you can also know about the updates of income tax department.

Now that you have seen that filing ITR is very easy. Moreover, it has many advantages also.

So, why wait? Try filing your ITR this year.

Image by Gerd Altmann from Pixabay (Free for commercial use)