ITR Filing: Step By Step Guide, Documents Required and Different Forms

For AY 2021-22, the deadline to file a delayed ITR (income tax return) is March 31. If you haven't filed your ITR for AY 2021-22 by the deadline, you should do so by March 31.

Documents You Required to File The ITR:

Before you begin the e-filing procedure, make sure you have all the necessary papers on hand.

• Salary slips
• Bank and post office savings account passbook
• PPF account passbook
• PAN & Aadhar Number
• Home loan statement from bank (If any)
• Proofs to claim deductions under section 80D to 80U (if any)
• Form-16 (This is a document sent to you by your employer that contains information about any tax deducted at source, as well as information about the pay you were paid.)

Form 16A, 16B, 16C, and 26AS

Form-16A - If TDS is deducted on payments (to you) other than salary, such as interest on fixed deposit (FD) or recurring deposits (RD), exceeding the limits set by existing tax rules, Form-16A is required.

Form-16B - If you've sold any property, you'll need Form-16B, which details how much TDS was deducted from the amount you were paid.

Form-16C - If you rent out property, you'll need Form-16C, which comes from the renter and shows how much TDS was deducted from the rent you received.

Form 26AS - Form 26AS is an annual statement that includes TDS information.

A step-by-step guide to filing Income Tax Return

Visit the Income Tax Department portal at incometaxindiaefiling.gov.in and log in. If you don't already have an account with the portal, register yourself using your PAN. When you register yourself, you will get a user ID.

Step 1: Download appropriate ITR form from ITR 1, ITR 2, ITR 3, or ITR 4
Under 'download', go to 'e-filing' under the relevant assessment year and select the appropriate ITR form.
Step 2: Download the Return Preparation Software (excel utility). Follow the steps and double-check that the auto-filled details match those on Form 16.
Step 3: Calculate the amount of tax due, pay it if it is due, and input the applicable challan information.
If you do not have a tax liability, you can skip this step.
Step 4: Confirm the information you submitted and create an XML file.
Step 5: Go to the 'Submit Return' section and upload the XML file.
Step 6: A message confirming successful e-filing is flashed on your screen. The acknowledgment form - ITR-Verification will be emailed to your registered email id.
Step 7: E-verify the return through any one of the below six modes: Bank ATM, Netbanking, Bank Account Number, Aadhaar OTP, Demat Account Number and Registered Mobile Number & Email id. E-verification eliminates the need to send a physical copy of the ITR-5 acknowledgment to CPC, Bengaluru.