File Income Tax Return for FY 2021-22 now online to avoid Rs. 5000 penalty; check steps

tech.hindustantimes.com:

Income Tax Return for FY 2021-22: With only a couple of weeks remaining to file the Income Tax Return for the financial year 2021-22, taxpayers have been advised to do it as soon as possible in order to avoid paying late fee of up to Rs. 5000. It can be known that the due date for income tax return (ITR) filing for FY 2021-22 is July 31, 2022. Tax experts are also advising individual taxpayers to file their income tax returns on time.

However, taxpayers need to be cautious about not filling in any wrong information in the ITR form. Also, while filing the ITR, you also need to keep certain documents handy like a copy of PAN card, copy of Aadhaar card, bank statement / bank passbook. Taxpayers need to know that the documents required depend on the tax they are eligible to pay.

The documents you will need to file your ITR are: Form 16, salary slips, Form 16A, among others. If you have not yet filed the ITR for FY 2021-22, here are the steps you need to follow to do it online.

Visit the official Income Tax Portal at https://www.incometax.gov.in/iec/foportal.

Log in to the e-Filing portal using your user ID and password.

On your Dashboard, click e-File > Income Tax Returns > File Income Tax Return.

Select Assessment Year as 2021 – 22 and click Continue.

Select Mode of Filing as Online and click Proceed. It can be noted that in case you have already filled the Income Tax Return and it is pending for submission, click Resume Filing. In case you wish to discard the saved return and start preparing the return afresh click Start New Filing.

Select Status as applicable to you and click Continue to proceed further.

You have two options to select the type of Income Tax Return: If you are not sure which ITR to file, you may select Help me