Moneycontrol
Last Updated : Jul 23, 2018 12:57 PM IST | Source: Moneycontrol.com

Five reasons why you should file ITR on your own

The July 31 deadline to file income tax returns is fast approaching. To ease down the process and reduce the complexity in filing returns, the tax department has introduced several new features. Here are five reasons why you should not hesitate to file ITR on your own

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Easy to register| It is fairly easy to create a login ID on ITR filing website. Just fill in your PAN card details and follow the listed steps to file your income tax returns hassle-free.
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Easy to register| It is fairly easy to create a login ID on ITR filing website. Just fill in your PAN card details and follow the listed steps to file your income tax returns hassle-free.

Pre-fill text option|The Income Tax Department stores your personal information and tax details which are mentioned in PAN and Form 26AS in its database. This takes away from the onerous process of manual feeding and makes filing returns easy.
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Pre-fill text option|The Income Tax Department stores your personal information and tax details which are mentioned in PAN and Form 26AS in its database. This takes away from the onerous process of manual feeding and makes filing returns easy.

Pay digitally | With the introduction of e-payment, the tax can be paid anytime and anywhere. The IT department has also introduced a link in the tax return form which takes the taxpayers directly to the portal for e-payment of taxes.
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Pay digitally | With the introduction of e-payment, the tax can be paid anytime and anywhere. The IT department has also introduced a link in the tax return form which takes the taxpayers directly to the portal for e-payment of taxes.

E-verification of tax returns | The final verification of your ITR form on the government portal incometaxindia.gov.in is a two-step process, irrespective of the tax filing website you opt for. Also, with the introduction of e-verification, taxpayers are no longer required to send a signed ITR-V to the Centralized Processing Centre, thus turning the whole process of verification of returns paperless and instant.
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E-verification of tax returns | The final verification of your ITR form on the government portal incometaxindia.gov.in is a two-step process, irrespective of the tax filing website you opt for. Also, with the introduction of e-verification, taxpayers are no longer required to send a signed ITR-V to the Centralized Processing Centre, thus turning the whole process of verification of returns paperless and instant.

E-assessment of tax returns | All notifications regarding the filing of your return are sent to you by the Income Tax Department via email. Taxpayers can also furnish responses online, as the government aims to reduce the processing time as well as human intervention.
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E-assessment of tax returns | All notifications regarding the filing of your return are sent to you by the Income Tax Department via email. Taxpayers can also furnish responses online, as the government aims to reduce the processing time as well as human intervention.

First Published on Jul 23, 2018 12:10 pm
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