A Step-by-Step Guide to Filing Your ITR Online 2024

For the financial year 2022-2023 and the inspection year 2023–2024 due on July 31, the leading person must submit an income tax return (ITR). Individual taxpayers can file an ITR-1 form with the deadline specified for completing the ITR if they have an annual income of up to 50 lakh rupees from their hall, one-room home, and other sources. You can fill out and submit the ITR-1 form online as well. It can be finished online, partially offline, or both offline and online.

Filing ITR Online Step-by-Step Guide for FY 2022-2023 (AY 2023-24). ITR filing deadlines for businesses and the last day to file.

 Table of content:

✅ What is ITR filing?

✅ Due dates for ITR Filing for Companies (Private Limited Companies & OPCs) for FY 2022-23 (AY 2023-24)

✅ Last day to file an income tax return for AY 2023-24

✅ Documents required to file ITR

✅ How to file ITR in online mode

✅ Conclusion

What is ITR filing?

All taxpayers are required to report their taxable income from all sources on a form known as an income tax return, or ITR. In addition, the taxpayer is required to list on the IT Return Form any appropriate deductions and taxes, if any. Filing ITR Online, also known as Income Tax Return, is the process of submitting this form to the Income Tax Department. No matter the Accounting Year that the taxpayer has authorized, you must submit a Revenue Annual Tax Return (i.e., April to March).

Due dates Companies (Private Limited Companies & OPCs) Department ITR Filing for FY 2021–202 (AY 2023-24)

✅ For businesses who do not need an audit T, the ITR for FY 2022-2023 must be finished by July 31, 2023.

✅ For businesses that must be audited, the ITR application deadline for FY 2022-23 (AY 2023-24) is October 31, 2023.

✅ The Tax Audit Report must be submitted by September 30, 2023.

Last day to file an income tax return for AY 2023-24:

✅ By 30 November 2023, the Income Tax Return by Assessor must be finished and submitted by Section 92E.

✅ Section 92E stipulates that a Report from the Auditor–General must be issued by a person engaging in an international transaction or a specified domestic transaction at least one month before the Section 139 deadline for filing a refund (1)

Documents required to file ITR:

A few papers are typical when completing an ITR even if they vary depending on the source of income. Additionally, keep in mind that you are not obliged to submit or upload any papers to the website; rather, it is recommended that you keep them on hand so that the necessary information may be filled out accurately, saving you time and preventing frequent mistakes.

1. PAN Card- When submitting an income tax return, a PAN Number is necessary. Your ITR should have the same name and date of birth as your PAN card.

2. Aadhaar Card-Additionally, the government has made using Aadhaar when filing an ITR a requirement for all taxpayers.

3. Bank Account Statements- To ensure that you do not forget to declare any income in your ITR, you only need to locate income, interest on savings accounts, etc.

4. Bank Account Details- When completing an ITR, you must provide all your bank account information, including the IFSC code, bank name, and bank account number.

5. Challan Details- It contains information like the challan number, BSR code, date, the amount of advance tax or self-assessment tax payment, etc.

6. Original Return/Notice-The information from the original return and the information from the notice must be filled out if someone is filing an amended return or a return in response to the notice they received.

How to file an ITR Online:

Visit the official income tax website, incometax.gov.in, log in with your information using the PAN or Aadhaar number as your user ID, and then follow the step-by-step instructions to finish the ITR in 100% digital mode. guide:

✅ Login to incometax.gov.in, the government's official website for income taxes

✅ Select Income Tax Return under E-file

✅ From the menu, choose "File Income Tax Return"

✅ Choose the fiscal year 2022-23

✅ Select "Online" under "Mode of Filing”

✅ On the landing page, under "Application Status," choose "Individual" on the ITR-1 form.

✅ Press "Let's get started"

✅ Choose a valid reason for completing the ITR and press the "Continue" button

✅ Check the five tabs under "Let's check your pre-completed refund" (Personal information, total income, deductions, taxes paid, and total tax liability)

✅ Go to the Restore Summary option and make sure that each of the five tabs is visible and validated there. Click "Continue" for the tax summation tab after verifying the first five tabs

✅ View a personal tax summary (no refunds) under the tax summary tab

✅After that, select the announcement tab, complete the necessary fields, and select "Preview Restore".

✅ After confirming that the information entered is true and correct, one must select "Continue to verify". If there is a mistake, one can edit the data by using the "Edit" option: and

✅ Once an individual's ITR has been satisfactorily verified, that individual must confirm their tax return. The taxpayer may submit this electronically using Aadhaar OTP, net banking, etc., or they may print an ITR-V on their own, sign it, and mail it to the CPC, Tax Department, Bengaluru, within 120 days after ITR e-filing.

How ITR Filing Course Can help you to save Taxes in saveral ways:

✅ Save Tax on Rent Receipt

✅ Save Tax on Donation

✅ Save Tax on House Loan

✅ Save Tax on Books Purchase

✅ Save Tax on Transport Allowance

✅ Save Tax on Medical Reimbursement

✅ Save Tax on Health Insurance Premium

✅ Save Tax on Interest on Education Loan

There are more options available where you can save your income tax. To learn more, you may see the course at- ITR Filing Course:

Conclusion

At the end of this article, you may file your tax returns fats by following this advice. An everyday understanding of the challenges associated with taxes might help simplify this process. Enroll in Our Income Tax Certification Course to learn more.