Income Tax Efiling

July 20, 2010 by staff 

Income Tax EfilingIncome Tax Efiling, Make a connection line change is not new. Queues and utility bills or deposit money are becoming a thing of the past, the e-generation is much easier to make financial transactions on the office desktop or laptop personal. July 31 With only a couple of weeks, it’s time to get the papers to file your taxes. The traditional method is to hire an accountant who does what is necessary. But now, with the arrival of the portals from taxation even if the tax return can be done at your convenience from your office or home. But there are some basic things that must be taken into account to ensure a safe exercise and easy to e-filing.

Is the website reliable?

First, check how long the site has been in the area of electronic filing. However, considering the fact that the electronic filing of tax returns came into existence only four years ago, may not have too much history to support their credentials. “If it’s backed by a strong company, which adds to the credentials of the portal. Secondly, the portal should be a brokerage license e-Return (ERI), which is duly authorized by the department of income tax. You have access to that information on the website, “says Ravi Jagannathan CEO and MD, 3i Infotech, who heads portal for electronic filing of taxes.

How secure is the transaction?

Make sure the website is registered is a secure site. Whenever you have to have some sensitive information online, you have to check if the site uses encryption to protect your personal data. The URL in the address bar should begin with “https: / / ‘and not just” http:// “.

What if you get stuck in the process?

You can get stuck in the process is not necessarily a technological failure, but a hypo tax, if any. eTax Mentor, a portal of taxes, for example, lets move on to the finals if they identify that you are required to pay additional taxes. “At this stage, you are directed to the payment gateway of a bank where you can pay the balance. The bank will generate a line Challan and once you enter data in the portal, will guide the next phase “said Nagarajan, director, eTax Mentor.

Keep documentation for verification of the basic documents before starting the whole process could be useful. Form 16 is a crucial document which must be provided for each taxpayer. Secondly, if you have taken a home loan, you need a copy of the receipts. If you are applying HRA, you need the rental receipts. You have to produce tax revenue on investments and other capital investments if they are declared in the capital gains tax.

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