Introduction

Thank you for your interest in completing e-filing for your Income Tax Return (ITR) 2017. As of now, due to recent regulatory changes, only a single return can be filed for a given Financial Year (AY 2017-18). This guide will provide you with step-by-step instructions and essential information to help you navigate the e-filing process.

Step-by-Step Guide to E-filing ITR 2017

Step 1: Register for E-filing

To start the online process, visit the e-Filing Home Page Income Tax Department, Government of India. Here, you will need to register and create a login account. Follow the prompts to complete the registration process. Once registered, you can file your return directly from the portal if your income is solely from salary. However, if your income includes self-employed earnings, rental income, business income, etc., you may need to download the offline utility form along with the instruction sheet.

Step 2: Filing Your Return

Depending on your income type, you can choose to fill out ITR-1 or ITR-2. Detailed information on the differences between ITR-1 and ITR-2 is available on the Income Tax E-filing website. Once you have completed the form, use the utility provided to generate an XML file. This XML file should then be uploaded to the Income Tax e-filing website.

Benefits of Online Filing

Online filing of tax returns is a straightforward process that can be easily completed by most taxpayers. This option is particularly suitable for:

Assessors with an income of Rs. 5 Lakhs and above Individuals/HUF resident with assets outside India Assessors required to furnish reports of audit under specified sections of the Act Assessors required to give notice under Section 112A to the assessing officer Non-profit organizations requiring ITR 5 Assessors required to file returns under Section 139(4B) Residents with signing authority in foreign accounts Individuals claiming relief under Sections 90 or 90A or deductions under Section 91 All companies

Digital Signature Certificate (DSC)

To e-file using a Digital Signature Certificate (DSC), which is required by chartered accountants and certain other professionals, follow these steps:

Using DSC: You can file your e-filed tax return using a Digital Signature Certificate (DSC). This is a mandatory requirement for certain professionals. Without DSC: If you file your tax return without a DSC, an ITR V form will be generated. This form should be printed, signed, and submitted to the Central Processing Centre (CPC) in Bangalore via ordinary post or speed post within 120 days from the date of e-filing. Through E-return Intermediary (ERI) with or without DSC: Alternatively, you can file your e-filed tax returns through an E-return Intermediary (ERI) with or without a DSC. This offers another convenient method to complete your e-filing process.

By following these steps, you can ensure a smooth and efficient filing process for your ITR 2017. For any further queries, you may consider seeking professional advice from a qualified tax consultant.