New Delhi: Are you still waiting to file your income tax returns (ITR) for the assessment year 2021-22? If yes, then make sure you file it at the earliest because December 31 deadline is approaching.
It is advised that taxpayers file returns before the deadline and not keep waiting for the last moment. Incase you miss the deadline then you will be charged a penalty and go through other problems.
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You need to pay late fee at the time of filing of your ITR if the returns are submitted after due date. It is to be noted that more than three crore taxpayers have filed their ITR on the new e-filing portal of the income tax department as of 3 December 2021. In fact, the number of ITRs filed per day is over 4 lakh and increasing every day as the last date for filing returns, ie 31 December 2021 is approaching.
The Income Tax Department provides the facility for electronic filing (e-filing) of an income tax return. In order to make ITR filing process smooth and taxpayer-friendly, the government launched an e-filing portal that helps in filing retruns online.
Here’s a step-by-step procedure on file returns
Firstly, visit the income tax e-portal.
Then click on the ‘login here’ option on the homepage.
Type in your permanent account number (PAN) in the ‘enter your user ID’ option, and then press the continue button.
Next, you need to confirm the ‘secure access message’ received. After this, click on continue.
Here you need to choose if you want to receive the six-digit one-time password (OTP) via text message or voice call.
Selecting the option you want to choose and click enter.
Individuals can also use their registered Aadhaar number or net banking to log in to the income tax e-filing portal.
Remember, if you use the Aadhaar option, the number, as well as the OTP, received needs to be given.
For net banking, the taxpayer has to enter their user ID and password to get access to the account.
Once the login process is completed, the IT returns for the financial year 2021-22 needs to be processed as per the directions mentioned on the wesbite.