Income Tax Returns for FY 2021-22: Avoid paying Rs. 5000 penalty; file ITR now ONLINE

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File Income Tax Returns for FY 2021-22 Online: Taxpayers are advised to file their Income Tax Returns (ITR) for the financial year 2021-22, before July 31, 2022 in order to avoid paying the penalty of Rs. 5000. The process to file the ITR is very simple and can be done online by visiting the official website of the Income Tax Department. However, while filing the ITR you need to be cautious of not providing any wrong information or detail in the ITR form.

In order to make the ITR filing process easier, you can keep documents like a copy of PAN card, copy of Aadhaar card, bank statement / bank passbook, among others handy. It can be noted that the documents required depend on the tax the taxpayers are eligible to pay. If you want to know the steps you need to follow in order to file the ITR online, then check the process below.

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

You will have to 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 decide which ITR Form to file and click Proceed. Once the system helps you determine the correct ITR, you can proceed with filing your