Key Highlights
G
- ather Documents: Collect all relevant documents such as Form 16, bank statements, and investment proofs.
- Register on Income Tax Portal: Create an account on the Income Tax Department's e-filing portal.
- Verify Aadhaar and PAN: Ensure your Aadhaar and PAN details are correct and linked to your e-filing account.
- Choose the Right Form: Select the appropriate ITR form based on your income sources and residential status.
- Fill in Details: Enter your income details, deductions, and tax payable as per the instructions provided in the form.
- Claim Deductions: Utilize available deductions under sections such as 80C, 80D, and 80G to reduce taxable income.
- Verify Form: Review the filled-in form for accuracy and completeness before submitting it.
- E-Verify Return: Electronically verify your return using Aadhaar OTP, net banking, or EVC to complete the filing process.
- Keep Acknowledgement: Save the acknowledgement generated after e-verification for future reference.
- File on Time: Ensure you file your income tax return before the due date to avoid penalties.
Important: Filing your income tax return accurately and on time is essential to comply with tax laws. Ensure that you provide correct information and claim deductions as per the provisions of the Income Tax Act. Failure to file or errors in filing can lead to penalties and legal consequences. If you require assistance, consider consulting a tax professional.
Make sure to have this checklist handy and refer to it when in doubt.
