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Showing posts from July 22, 2007

E-filing tax returns isn’t exactly online

It’s hardly a simple affair, but with a digital signature you can avoid a trip to the income tax office
MUMBAI: If you can pay your phone and electricity bills online, why can’t you do the same with your income tax returns? Well, you can. It is now possible for individuals and Hindu undivided families (HUFs) to file their tax returns online. All you need to do is log on to the e-filing site.
But don’t expect it to be a smooth affair. Filing e-returns is not as simple as the income tax department’s ads make them out to be. After logging onto the website, you have to choose the right form. And there are eight Indian Income Tax Returns (ITRs 1-8) forms to choose from. For most salaried individuals, ITR-1 will do if they don’t have any capital gains or house property.
For those who do, ITR-2 should be your pick. But that’s the easy part. Once you’ve identified the form, you have to download the relevant software. The page provides a link to find this software. You also need Acrobat Reader ve…