E-filing of Income Tax Returns for AY 2016-17

Recently CBDT has Notified New Income Tax Return Forms for A Y 2016-17 vide its Notification No.No. 24/2016 dated 30-03-2016 (F.No.370142/2/2016-TPL).  These forms (Form Sahaj (ITR-1), ITR-2, ITR-2A, ITR-3, Sugam (ITR-4S),ITR-4, ITR-5, ITR-6, ITR-7 and ITR-V) are available for download from website of department. To view/Download these forms click here.

File your Return at incometaxindiaefiling website with assistance of Experts

E-filing of Income Tax Returns for AY 2016-17 also started at www. incometaxindiaefiling.gov.in and E-filing website ready to accept return for AY 2016-17. Return filing website made fully operational for taxpayers to file their I-T returns for assessment year 2016-17. The Income Tax Returns (ITRs) can be filed and submitted at the official website www.incometaxindiaefiling.gov.in. Taxpayers are advised to update their profile and select higher security option to secure their e-filing account. ITR 1, ITR 2, ITR 2A, ITR 3, ITR 4S, ITR 4, ITR 5, ITR-6 and ITR-7 for AY 2016-17 are now available for E-filing :

Income Tax Return Utility Downloads for AY 2016-17

ITR

Description Excel Utility

ITR 1 (SAHAJ)

For Individuals having Income from Salary & Interest.

Download

ITR 4S (SUGAM) For Individuals/HUF/Partnership Firm having income from presumptive business

Download

ITR 2

For Individuals & HUFs not having Income from Business or Profession

Download

ITR 2A

For Individuals & HUFs not having Income from Business or Profession and Capital Gains and who do not hold foreign assets

Download

ITR 3

For Individuals/HUFs being partners in firms and not carrying out business or profession under any proprietorship

Download

READ  TDS Chart for A Y 2015 -16 (F Y 2014-15)

ITR 4

For Individuals & HUFs having income from a proprietory business or profession

Download

ITR 5

For persons other than,- (i) individual, (ii) HUF, (iii) company and (iv) person filing  ITR-7

Download

ITR 6

For Companies other than companies claiming exemption under section 11

Download

ITR 7

For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) or 139(4E) or 139(4F)

Download

Schema of ITR Forms for AY 2016-17

ITR Schema

Release Date

Download

ITR-1

02/04/2016

ITR-I Schema

ITR-4S

02/04/2016

ITR-4S Schema

ITR 2

07/04/2016 ITR 2 Schema

ITR 2A

07/04/2016

ITR 2A Schema

ITR 3

07/04/2016

ITR 3 Schema

ITR 4

13/04/2016

ITR 4 Schema

ITR 5

13/04/2016

ITR 5 Schema

ITR 6

14/04/2016

ITR 6 Schema

ITR 7

14/04/2016

ITR 7 Schema

List of documents required before filing return

  • Bank Statement/Bank Passbook
  • TDS certificates/Form 16 (Salary Certificate)
  • Savings certificates i.e. LIP, NSC, Mutual Fund, PPF/PF passbook
  • Interest statement showing interest paid to you throughout the year.
  • A copy of last year’s tax return
  • Balance Sheet, P&L Account Statement and other Audit Reports wherever applicable.

In order to end the trouble of sending paper-based acknowledgement of e-filed Income Tax Returns (ITRs), the CBDT has already initiated to send a one-time password (OTP) on taxpayers’ mobile phones which will be valid for 24-hours after getting verified from the Aadhaar database. File Income Tax Return Just in Rs.399/-.

For efiling of income tax return for AY 2016-17 CBDT has issued press release on today April 04, 2016 which is as under:


Government of India

Ministry of Finance

Department of Revenue

Central Board of Direct Taxes

PRESS RELEASE

New Delhi, 4 th April, 2016

Sub: Release of new functionality to taxpayers to secure their E-filing account -reg

The Income Tax Department has from time to time issued advisories regarding the need to avoid phishing emails and to carefully protect the passwords, OTPs and not share them with others.

In order to ensure that taxpayers are able to secure their E-filing account against any fraudulent attempts, the Income Tax Department has introduced a new facility called the “E-filing Vault”. In order to use this facility, taxpayers can log in to their E-filing Account and under their profile page select “E-filing Vault – higher security”.

Taxpayers can then select to login with any one or multiple options of the higher security methods namely – using Aadhaar linkage to generate OTP, Login through Net-Banking or Login using Digital Signature Certificate (DSC). Once this has been done, any future attempt to login will require the additional check of OTP using Aadhaar or the taxpayers will have to login using net banking or login using DSC. By using this facility, taxpayers can prevent anyone from logging in even if in the past they shared the user id and password. The dual factor authorization ensures higher degree of security compared to the simple User id and Password.

Similarly, taxpayers can also select how their password can be reset. Once the taxpayer has selected reset password using any one or multiple options of the higher security methods namely – using Aadhaar linkage to generate OTP, Login through Net-Banking or Login using Digital Signature Certificate (DSC), then no other person will be able to reset taxpayer’s password even if the secret answer or E-filing OTP etc is known.

Additional EVC options using ATM, Bank Account Validation or Demat Account Validations are shortly going to be introduced and these options will also be available for the higher level of security for login as well as resetting of password.

Income Tax Department strongly advises all taxpayers to use a strong password (combination of at least one uppercase, one special character and one numeral) and select the E-filing Vault option to add an additional layer of security to the their E-filing Account to login and resetting of password.

(Shefali Shah)

Pr. Commissioner of Income Tax

(Media and Technical Policy) and

Official Spokesperson, CBDT


Source Document:http://www.incometaxindia.gov.in/Lists/Press%20Releases/Attachments/459/Press-Releasenew-functionality-04-04-2016.pdf