What are the correct steps of the procedure of e-filing of Income Tax Return? A. Filling details and…
The standard procedure for e-filing an Income Tax Return (ITR) is: first registering and logging into the e-filing portal to select the applicable ITR form (C), filling in…
Choose your answer
What are the correct steps of the procedure of e-filing of Income Tax Return?
A. Filling details and computation of tax
B. Generate XML file, filing income tax return and use of digital signature
C. Register and login on portal and select applicable return form
D. Use of ITR-V form and sending ITR-V form to CPC
E. Making payment of balance tax and confirming the data provided
Answer and explanation
Correct answer B
The standard procedure for e-filing an Income Tax Return (ITR) is: first registering and logging into the e-filing portal to select the applicable ITR form (C), filling in income details and computing tax liability (A), paying any balance self-assessment tax and confirming the return data (E), generating the XML/JSON file and submitting the return using a Digital Signature or EVC (B), and finally sending the signed ITR-V acknowledgement to CPC Bengaluru if not e-verified (D).
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UGC NET Commerce