Procedure-for-Filing-Income-Tax-Return

Procedure for Filing Income Tax Return

Procedure for Filing Income Tax Return

The purpose of this article is to explain the procedure for filing an income tax return for different types of taxpayers.

Individuals and Hindu Undivided Family

Manner of filing income tax return for individuals and HUFs will depend upon the conditions specified, which are as follows:

If Accounts are Audited under Section 44AB

Individuals or Hindu Undivided Family whose accounts must be audited under Section 444AB of the Income Tax Act needs to furnish returns electronically under a digital signature.

Super Senior Citizen

Where the total assessable income during the previous year of a person being an individual of the age of 80 years or more; or whose income doesn’t exceed 5 lakh rupees, where no refunds are claimed in the returns of income, as well as those who furnished the return in Form ITR-1 or Form ITR-4, may file their returns in any of the following manner:

  • Electronically under digital signature.
  • Transmission of data in the return through electronic means under an electronic verification code.
  • Transmission of data in the return through electronic means followed by verification of the return in Form ITR-5.
  • Paper form.

All Other Cases

In any other cases, the filing of income tax returns in case of individuals and HUFs can be done through the following means:

  • Electronically under digital signature.
  • Transmission of data in the return through electronic means under an electronic verification code.
  • Transmission of data in the return through electronic means followed by verification of the return in Form ITR-5.

Firm/Limited Liability Partnership/Companies

Let us now review the provisions of filing of income tax returns of a firm/limited liability partnership (LLP)/companies other than those mentioned thus far who must file returns in Form ITR-5. Corporate taxpayers should note that all types of companies including private limited company, one person company and limited company must file income tax returns electronically using a digital signature.

Accounts audited under Section 44AB

If accounts are required to be audited under Section 44AB, then income tax return must be filed electronically under a digital signature.

Other Cases

In any other case, any of the following methods can be adopted by the assessee for filing an income tax return:

  • Electronic filing under a digital signature.
  • Transmission of data in the return through electronic means under an electronic verification code.
  • Transmission of data in the return through electronic means followed by verification of the return in Form ITR-5.

Furnishing of Returns in Form ITR-7

Let us now examine the various aspects of ITR-7, those factors which determine its methodology.

Political Party

Political parties shall file their returns electronically under a digital signature.

Other Cases

In any other cases related to Form ITR-7, any of the following methods may be accepted.

  • Electronic filing under a digital signature.
  • Transmission of data in the return through electronic means under an electronic verification code.
  • Transmission of data in the return through electronic means followed by verification of the return in Form ITR-5.

Duties of an Authorized Representative in relation to Filing of Returns

Every assessee would have an authorized representative, who prepares the returns of income furnished by the assessee. He/She shall, either before making his appearance to a specified jurisdictional officer or immediately after making an appearance, furnish to the particular officer:

  • Particulars of accounts, statements or other documents supplied to him by the assessee for the purpose of preparation of return of income.
  • Any examination of accounts, statements or documents; as well as reports on the scope and result of the examination.

Other Related Guides

Representative Assessee Representative Assessee - Income Tax A representative assessee is a person who acts as a legal representative of another person under the Income Tax ...
Capital Gains Exemption – Section 54B Capital Gains Exemption - Section 54B A tax exemption is available for taxpayers who make a sale of agricultural land. Normally, under the provisions...
Form 5A Form 5A - Income Tax Statement of particulars for purposes of section 33A relating to (a) planting of tea bushes on land not planted at any time with...
Form 3CO Form 3CO - Income Tax Application form for approval under sub-section (1) of section 35CCC of the Income-tax Act, 1961
Senior Citizen Savings Scheme Senior Citizen Savings Scheme The Government of India has created the Senior Citizen Saving Scheme (SCSS) to help senior citizens earn a regular inco...

Post by Sreeram Viswanath

IndiaFilings is India's largest online compliance services platform dedicated to helping people start and grow their business, at an affordable cost. We were started in 2014 with the mission of making it easier for Entrepreneurs to start their business. We have since helped start and operate tens of thousands of businesses by offering a range of business services. Our aim is to help the entrepreneur on the legal and regulatory requirements, and be a partner throughout the business lifecycle, offering support at every stage to ensure the business remains compliant and continually growing.