Reminder from income tax department for e-filing your tax return

The income tax department has sent out emails to taxpayers reminding them to e-file their tax returns for income earned in FY 2015-16 (assessment year AY 2016-17)

The due date for submitting income tax returns for FY 2015-16(AY 2016-17) is 31st July 2016.

The following email has been sent-

Dear Taxpayer,

By this time last year, you may have had already electronically filed your Income Tax Return. This is a gentle reminder for you to file your Income Tax Return for Assessment Year 2016-17. E-filing is simple, easy and convenient as you would have experienced in the last year.

You are requested to login to https://incometaxindiaefiling.gov.in and download the free return preparation software with a host of new features to help you in preparing the Income Tax return and submit your return. You can also prepare and submit ITR1 and ITR4S online. Please take some time to browse through all the value -added services offered on the E-filing website that will help you prepare your return accurately and guide you in case of any prior pending items.

Electronic verification facility (e-Verify using EVC) is also available using which you can avoid the signing and sending of the ITR-Verification form to CPC Bangalore. Please refer to the user manual here on how to e-Verify the return.

Needless to mention that the quicker you submit your return and e-Verify using EVC / send the signed ITR-V (ITR-Verification) form to CPC, Bangalore, the faster your refund, if any, would be processed and credited to your bank account.

In case you have already e-Filed for Income Tax Return for AY 2016-17, kindly ignore this email.

Regards,
e-Filing Team,

 

Steps you need to take

  • If your total income for FY 2015-16 is more than Rs 2.5lakhs you should file your income tax return immediately. You must income from all sources i.e. salary, interest income, rental income to check for this limit. Return filing and several advantages too. When you need a tax refund or where you own foreign assets, its compulsory to file a tax return. Here are some other reasons for filing your tax returns – read here.

 

  • If you have already filed your income tax return, remember to verify your return. Your return filing process is not complete unless you verify your tax return. Verification can be done via EVC code or aadhaar OTP or through your net banking account. Read here on how to verify your income tax return.

 

  • File soon so you can receive refund faster. The income tax department has mentioned in the email that the sooner you file your return and verify it, the faster your refund shall be processed and credited to your bank account. [Use this link to check your refund status].

 

If you have not already e-filed, you can do so at ClearTax in under 7 minutes. If you need help, our CAs can prepare your return and file it for you!

2 Responses to Reminder from income tax department for e-filing your tax return

  1. Amit July 22, 2016 at 1:13 pm #

    what is the password for e-verify acknowledge receipt.. ?

    • cleartax-team July 22, 2016 at 2:20 pm #

      Seems you are looking for password for opening ITR-V (acknowledgment from the IT department). Your password is your PAN number in lowercase alongwith your date of birth and no spaces in between. For example – Example: PAN: AAAPA1111F Date of birth: 01/01/1975 password: aaapa1111f01011975