The date for filing income tax returns is approaching. Filing returns has been considered difficult for years and the reason behind it is clear, because people have to give details from their income to property.
This is why most people enter it at the last minute. The government has taken several steps to make this process easier. India is seeing an increase in the number of people filing returns every year.
The government has fixed 31 December 2020 as the last date for filing returns this year. After 31 December 2020, those filing returns will have to pay a penalty. Remember that all taxpayers are required to fill their 12-digit Aadhaar number and 28-digit Aadhaar enrollment number while filing returns. Taxpayers can file income tax returns through these two methods.
E-filing
In order to rid people of long queues, the Income Tax Department has made this process online in recent years. The process of filing online returns is called e-filing. With online e-filing, people no longer have to waste time in long queues. To promote e-filing, the state and central government have decided that they will pay most of their taxes online. This process will be available to everyone other than the trustees. This is how to do online e-filing.
First of all, you have to go to the income tax website and log your income tax account. After logging in, there will be an option of E-Filing Income Tax Return. You fill in the data based on the assessment year. After this, submit the return and then e-verify it.
There are total 4 methods of e-verification.
1- E-mail OTP or Mobile OTP
2-base authentication
3-You can also verify it by visiting your bank account website.
4-Take a copy of the agreement and send it to this address.
Send a copy of your acknowledgment to this address. Centralized processing center (CPC), Income tax department Bangalore-560500
