ITR or income tax return is a mandatory form that each taxpayer needs to fill with information about their Income and applicable tax. The ITR form is issued by the income tax department, and it is divided according to the income, property owned, profession, etc. The good thing is that it is now possible to download ITR Form online seamlessly.
Before diving into the process of ITR statement download, let’s figure out the eligibility of ITR.
The government has made it obligatory for every taxpayer in India, who falls under any of the given categories, to File ITR forms:
ITR Forms are categorized differently, and each one of them is filed for a different return. You can visit the website and can download ITR copy for forthcoming references. Below-mentioned is a quick brief regarding who can file which type of ITR form:
The individual should be a resident with total income up to 50 lakhs from salary, property, other sources, and agricultural income up to 5 thousand
The taxpayer without business or profession profit
The taxpayer with business or profession profit
The individual should be a resident with total income up to 50 lakhs from a firm, business, or a profession
People who do not come under HUF, company, and IRT 7
The taxpaying companies with an exemption under section 11.
The taxpaying companies under Section 139(4A), (4B), (4C), and (4D)
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ITR-V or Income Tax Return verification is a process that helps to verify the legitimacy of every e-filing that takes place. It can be done without a digital signature.
Here, you can access Incometaxindiaefiling downloads online easily from your home or office.
Step 1: Visit the Income Tax India website and login into your account
Step 2: Once your dashboard opens, click View Returns/Forms option to view the e-filed Tax Return
Step 3: Then, click on the acknowledgement number to download ITR online
Step 4: Now, choose ITR-V/Acknowledgement to start ITR acknowledgement download
Step 5: Once the download is done, the file would require a password, i.e., the user’s PAN number in the lower case along with the DOB
Step 6: The final procedure is to print, sign, and post the document to CPC Bangalore. This needs to be done under 120 days from e-filing
Due to the advent of technology, it has become extremely easy to download ITR forms online. Not just the download process; however, you also have an option to file your Income Tax Returns from the convenience of your house.
Further, the seamless navigation and user-friendliness of the website have made sure that you don’t come across any hassles while doing so. Now that you understand the procedure of downloading the forms, e-filing them would not be a tough task anymore.
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