Income Tax E-Filing Registration Services – Makes your taxation process easy

by Avadhesh Sharma SEO Analyst

Income tax is directly charged on the income of its citizens. The governments can alteration the income slabs and tax rates every year in its Union Budget. Income does not only mean money received in the form of salary. It also comprises income from house property, profits from business, and gains from occupation (such as a bonus), capital gains income, and income from other areas.

The government also often offers certain leeway such that numerous deductions are made from an individual's income before the tax to be charged is calculated. With the help of Income Tax E-Filing Registration Services, you can file your income tax easily.

Steps to be followed by Annual Income Tax Return Online Registration Bihar

Step 1. Register yourself

In case if you want to e-file your income tax return, you need to register on the Income Tax Department’s online tax filing site (incometaxindiaefiling.gov.in). You have to give your permanent account number (PAN), name and date of birth and select a password. By default, Your PAN will be your user ID.

STEP 2. Choose how you want to e-file

There are two methods of e-filing your income tax return. One is to go to the download section and select the requirement and upload it. Second, directly visit and provide the documents.

STEP 3. Pick the requisite form

ITR-1: For persons earning a salary, pension, or income from property or causes other than lottery.

ITR-2: For those making capital gains. ITR 2A for those possessing more than one house but no capital gains.

ITR 3, 4 and 4S: Who are self-employed or running any business

Mandatory documents required by Income Tax E-Filing Registration Services Bihar

• Pan card

• TDS certificate

• Form 16

• Insurance and home loan documents

Common reasons for income tax filing notice

1. for delay filing I-T return

In case if you have filed your return by the last date, you will receive a prompt notice from the income tax department. You get this notice afore the end of the assessment year for which the return is unpaid.

2. Misreporting LTCG from equity

You need to report any understood long-term capital gains (LTCG) on registered equity and equity-related mutual funds at the time of filing ITR.

3. For TDS demanded not identical with Form 26AS

While filing ITR, the TDS should preferably have to be the same in Form 26AS and Form 16 or 16A. However, there can be numerous reasons why some details may discrepancy.

4. For non-disclosure of income

Revenue authorities get information about the income of measures from different bases like banks, employers, tenants, mutual exchange of information between countries etc.

5. In case not announcing investments made in the name of spouse

At times, it may occur that you would have made reserves in the name of your spouse but have not shown the income from those investments in your profit.

How can Income Tax Filing Notices Reply Services Bihar help you to reply for the notice?

• They offer you the expertise and experience you need to reply to the notice

• They examine and analyze the nature of the notice that you have received. Accordingly, they check all the required documents to reply for the notice.

• After that also go through the financial documents and accounts books to find out where was the discrepancy.