LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Income Tax Return filing: No pain! File your ITR in just 7 minutes – Here is how

For taxpayers, less than two months are left for Income Tax return filing. The Income Tax Return (ITR) is a form for reporting gross taxable income from different sources.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Income Tax Return filing: No pain! File your ITR in just 7 minutes – Here is how
ITR is filed by a salaried or self-employed individual, Hindu Undivided Family (HUF), companies or firms. The last to date file income tax for the current financial year is July 31, 2019. Photo: PTI
Written By: ZeeBiz WebTeam
Updated: Tue, Jun 11, 2019
11:19 am
New Delhi, ZeeBiz WebDesk
RELATED NEWS
PPF Calculator: You can double Public Provident Fund income and save income tax outgo - you will need this help PPF Calculator: You can double Public Provident Fund income and save income tax outgo - you will need this help
ITR e-verification: Do this to e-verify your Income Tax return using Aadhaar card  ITR e-verification: Do this to e-verify your Income Tax return using Aadhaar card
7th Pay Commission latest news today: Central government employees alert! This premium is part of your allowance 7th Pay Commission latest news today: Central government employees alert! This premium is part of your allowance
7th Pay Commission latest news: Big news for Central government employees - New window opened to save money 7th Pay Commission latest news: Big news for Central government employees - New window opened to save money
PAN Aadhaar Link Online Last Date: This will happen if you don't do what Income Tax dept has said! Do now via SMS PAN Aadhaar Link Online Last Date: This will happen if you don't do what Income Tax dept has said! Do now via SMS

For taxpayers, less than two months are left for Income Tax return filing. The Income Tax Return (ITR) is a form for reporting gross taxable income from different sources, claiming tax deductions and declaring net tax liability to the income tax authority. ITR is filed by a salaried or self-employed individual, Hindu Undivided Family (HUF), companies or firms. The last to date file income tax for the current financial year is July 31, 2019.

The process of filing the income tax return has become easier over the last few years with the introduction of e-filing portal. However, there are still a number of people who might not be aware of the process and find it tiring. 

But, there is no need to worry as you can file your income tax return (ITR) in just 7 minutes, according to Heena Arora, Finance & Marketing Head of All India ITR. Arora told Zee Business Online that you just need to follow these steps -

1] Once the application is downloaded, the user needs to sign up and upload his Form 16 and other required documents;

2] Once all the relevant details are filled in, the software of All India ITR automatically reads the information provided in the documents and fills it in Form 16. The user can review his Form 16;

3] After all the correct information has been filled in Form 16 it directs the user to the government e-filing website and after submitting the form; and

4] There one can complete the process of filing Form 16 in 7 minutes thus the designated tax expert will e-file the ITR within 7 minutes.

Who needs to file ITR?

As per section 139(1) of the Income Tax Act, 1961, any individual whose total income in the financial year exceeds income tax exemption limit (Rs 2.5 lakh for FY 19) is liable to file the income tax return. Also, any private or public company based out of India or doing business in India, firms, Hindu Undivided Family (HUFs), Association of Persons (AOP), Body of Individual (BOI) etc are also liable to declare net profits/losses of the year and pay their tax liability by filing ITR.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Income tax
RELATED NEWS
PPF Calculator: You can double Public Provident Fund income and save income tax outgo - you will need this help PPF Calculator: You can double Public Provident Fund income and save income tax outgo - you will need this help
ITR e-verification: Do this to e-verify your Income Tax return using Aadhaar card  ITR e-verification: Do this to e-verify your Income Tax return using Aadhaar card
7th Pay Commission latest news today: Central government employees alert! This premium is part of your allowance 7th Pay Commission latest news today: Central government employees alert! This premium is part of your allowance
7th Pay Commission latest news: Big news for Central government employees - New window opened to save money 7th Pay Commission latest news: Big news for Central government employees - New window opened to save money
PAN Aadhaar Link Online Last Date: This will happen if you don't do what Income Tax dept has said! Do now via SMS PAN Aadhaar Link Online Last Date: This will happen if you don't do what Income Tax dept has said! Do now via SMS

LATEST NEWS

DDA draw LIVE results 2021 - Date, time, streaming, webcast link to check online allotment of flats

Sensex surges over 500 points; banking, metal stocks rise

ICICI Bank Share price - CLSA raises target price to Rs 800 from Rs 675

Yes Bank Share price today - Investec cuts target price to Rs 19

EXCLUSIVE research: Positive impact of Easy Trip IPO on ITC’s subsidiary; know what is aiding International Travel House stocks

Big Update: PUBG creator invests $22.4 mn in this Indian Gaming company | Is PUBG Mobile India launch soon? Check here

JEE Main 2021: Registration date for March session exam extended till tomorrow; apply now by following these steps

Scrappage Policy: BIG announcement by Nitin Gadkari on new vehicle purchase

Stocks to buy with Anil Singhvi: Sandeep Jain recommends Transport Corporation of India today

Revealed! What Amazon boss Jeff Bezos said about his ex-wife's marriage

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved