The Income Tax Department has overhauled the filing of tax returns by introducing e-filing, which has simplified matters to a significant extent. It also involves relatively less effort and is also efficient. Today, the online facility enables the assessee to file returns, pay taxes, view tax credit, track the processing status and also get refunds credited directly to the bank account. It is all automatic.
There are still apprehensions about e-filing of tax returns and the aim of this article is to dispel them. Let us visit the process and get acquainted with the online services that the Income Tax Department offers.
E-Filing
E-filing or online filing of returns can be done 24×7 from anywhere. You just need access to the internet. There is no need to visit the Income Tax office or contact a Chartered Accountant. The whole process does not take more than 20 minutes. If you are worried about security, there is no need to fear for the return you file online is encrypted and transmitted over a secure connection. Your details remain confidential. Also, electronically filed returns are less prone to errors than paper returns. Further, you also get an electronic proof of filing called the ITR-V form.