Filing ITR for the First Time | Primassure LLP

 

Filing an ITR for the first time might confuse some people. However, the process has become simpler and easier due to the online medium.

If you are filing an ITR for the first time, then read this article to know how to file an ITR.

ITR is an Annual Statement that notifies the tax authorities about the income you’ve earned. This income consists of salary, earnings made from capital gains, income from a business, house rent, or any other sources.

The Process of Filing ITR

If you’re filing income tax returns for the first time, the first step is to register yourself on the portal. https://www.incometax.gov.in/iec/foportal Furthermore, it is very crucial to file an ITR before the ITR filing last date. Generally, the last date for filing an ITR every year is July 31. Follow the below process to register yourself on the portal-

Once you have registered yourself, you can file an ITR. Make sure you calculate your taxable income after deductions and choose an ITR form based on the category you fall under.


Filing ITR for the First Time

Here are the steps for income tax e-filing:

  • Visit the official e-filing website
  • Click on ‘Login’
  • Click on ‘Continue’ and enter your Password
  • Once you enter the portal, click on ‘e-file’. After that, click on ‘File Income Tax Return’
  • Select the Assessment Year and click on ‘Continue’
  • Click on ‘Online’ as the mode of filing
  • If you’re an individual, then click on the option ‘Individual’
  • Choose the ITR form
  • You’ll be asked to provide a reason for filing your ITR
  • Enter your Bank Account details. In case you have provided your Bank Account details, then pre-validate it
  • After that, you’ll be redirected to a new page for filing the ITR. You need to check the details on this page. Ensure the details are correct. Once you confirm the summary of your ITR, validate it
  • Finally, you’ll have to verify your Income Tax returns. After that, send a copy to the Income Tax Department.



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