File your ITR in 6 simple Steps for FY 2019-20 AY 2020-21 | ITR-1 & ITR-4 | Income Tax return in India

Hello friends,

Today in this article i am going to tell you that now ITR-1 & ITR-4 available for E-filing and Other ITRs will be available shortly.

Here i am going to tell how one can file income tax return and what point should be keep in their mind during the filing of Income Tax Return (ITR) and what types of information / documents you have.

So don't worry guys your professional guide is here and always with you , keep patience and follow some steps.

Here i guide you step by step  i treat you as you first time Income Tax Return (ITR) filer.

So, be ready guys and follow these Steps:-

Step-1 Register Youself

Register yourself on E-filing Portal , Click below on this link you will redirected to e-Filing website. You can watch full video here how to register yourself on Income Tax Portal

Step - 2  Login on Income Tax Portal

Now you have ID & Password for Login on Income Tax Portal, your PAN number will be Your ID and Password as you keep during Register yourself on Income Tax Portal as follow by you in Step-1

Incometaxindiaefiling.gov.in

Step3 Decide what ITR you have to filled

Don't worry let me help you , 

ITR-1 ---  If you are individual and having total income upto rs. 50 Lakh having Income From salaries and One House property and Agricultural Income upto Rs. 5 thousands then you have to file ITR-1

and

ITR-4  --- If you are individual, HUF and Firms (Other than LLP) having total income upto Rs. 50 Lakh from business / Profession (Income from PGBP) then you have to file ITR-4  (By chossing ITR-4 you have to show your Profit \ Income  atleast 8% of total Revenue / Turnover.

Step - 4  Proceed main part

After Login and Decide which ITR Suitable for you now you proceed main part of ITR Filing

Now you are on Dashboard of Income Tax E-filing portal

Go to e-File Tab  --- Click on Income Tax Return  ---select Assessment Year -- Select ITR form number (As you decide in Step-3)  -- and in Submission Mode select "Prepare & Submit Online"

Now ITR form Open on your screen.

General Information Filed automatically as per data given by you at the time of registration.

In this General Tab there are Three Extra question insert from FY 2019-20 & AY 2020-21 namely

 

1. Have you deposited amount or aggregate of amounts exceeding Rs. 1 crore in One or More current account during the previous year ? 

2.  Have you incurred expenditure of an amount or aggregate of amount exceeding Rs. 2 Lakh for travel to a foreign country for yourself or for any other person ?

3.  Have you incurred expenditure of amount or aggregate of amount exceeding Rs. 1 lakh on Consumption of electricity during the previous Year ?

If your answer is YES any of the above question then you have to put the Figure.

Step - 5  Fill Your Details

Fill your income details (If you have ITR-1 then you fill your salary and deduction amount, and if you have ITR-4 then fill your Business name and activity in BP tab and fill total receipts and Income , but should be keep in mind profit should be atleast 8% of Turnover / Receipts.

Step - 6  Verification

After filing your Income and Deduction detail now you have to proceed verification tab and fill your bank details and Place.

and select verification mode whether you verify with Aadhar OTP or Send the Acknowledgement copy CPC bangalore and submit your ITR and download acknowledgement copy.

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Ashutosh Kumar

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karnconsultant@gmail.com