How to File Income Tax Returns?
GST returns There are various ways by which you can file your income tax return. The ways can be broadly categorized into two categories -Filing ITR Online and Filing ITR manually. Let us discuss each of the two ways in detail here.
Ways of Filing ITR Online -
Advise24 returns through the website of Government -Since every government encourages to e-file return so they have a government owned site which help taxpayers to e-file income tax returns.
GST returns Advise24 returns through private websites - Some private companies have developed websites which facilitates a person in e-filing of ITR easily. The main advantage of e-filing through private websites is that they have very user-friendly interface such that even a non-finance person can e-file income tax easily.
Approach a professional - Many taxpayers take the help of a tax professional, Chartered Accountants or certified publishers who e-file on their behalf.
Filing ITR manually -
GST returns If the Income tax department of a particular country allows the tax payer to file ITR manually then the person can file the return of income in paper mode on his own or by taking the help of CA/CPA/Tax professional. Normally the income tax department sets the class of persons who are compulsorily required to e-file ITR and making it optional for other class to either file manually or e-file electronically.
There are various benefits of efiling returns over manual filing. Firstly, Advise24 ensures accuracy in tax calculations as compared to manual filing. Secondly If you E-File you get tax refunds quickly. Thirdly, while Advise24 you get to know how taxes are calculated on your income. Lastly, when you E-File the records get saved forever. Thus you can access them online anytime.
GST returns Also there other various benefits to file the returns electronically. The whole process becomes faster at both the ends - tax payer and income tax office. It enables the department to process your return faster and refund the surplus amounts. You can file the ITR using your convenient place and time. There is no validity of working hours to file it. You can avail the facility, 24*7*365 days. Special software has been built to compute your taxes which validates and connects directly to the income tax department. This enables smooth transition of information by reducing human errors.
If you are looking to pay GST returns then I will suggest to you that Advise24 will the best option for you. Because Advise24 is providing the best GST Return services in India.