1. Is it necessary to attach documents with Income tax return?
ITR forms, whether filed manually or filed electronically, do not require any documents like proof of investment, TDS certificates, etc. However, these documents should be retained by the taxpayer and produced before the tax authorities when demanded in situations like assessment, inquiry, etc.
2. Where can a taxpayer file his ITR electronically?
I-T Department has established an independent portal for e-filing of return. The taxpayers can go through by these simple steps:-
Step 1 Visit the e-filing website https://incometaxindiaefiling.gov.in
Step 2 Register or Login to e-file your returns.
Step 3 In case you have registered yourself on the portal, select ‘Login Here’.
Step 4 In case you have not registered yourself on the portal, select ‘Register Yourself’.
Step 5 Select the user type.
Step 6 Basic details must be filled up.
Step 7 Verification of PAN.
Step 8 Activation of Account.
3. If I have paid excess tax, how will it be refunded to me?
The excess tax can be claimed as refund by filing your income tax return (ITR). After your return is processed and provided the tax department accepts your refund claim, the amount claimed as refund would l be credited back to your bank account through Electronic Clearance Service (ECS) transfer. You would also get an email intimation for the same. The I-T Department has been making efforts to settle refund claims at the earliest .
4. What is the Last Date for filing an Income Tax Return?
The Last Date to file Income Tax Return is generally 31st July. For financial year ended on 31st March, 2020, the last date of filing return is extended till 31st July, 2020.
5. Is it mandatory for me to file an Income Tax Return if I have a PAN?
No. The following points explain this clearly:
You need to file an Income Tax Return if your total taxable income exceeds the basic exemption limit before taking into account deductions.
For the financial year 2019-20, the basic exemption limit is Rs.2,50,000. For women, the limit is Rs.2,50,000, while for Senior Citizens it is Rs.3,00,000.
You do not need to file an income tax return if your total taxable income does not exceed the basic exemption limit before taking into account deductions, even though you may have a PAN.