Income Tax Return (ITR) Download Online

Income Tax Return (ITR) is a form that must be submitted to the Income Tax Department of India. It contains information about the individual's income and the taxes that must be paid on it throughout the year. The information filed in ITR should be for a specific fiscal year, beginning on April 1st and ending on March 31st of the following year.

You can e-verify your ITR in the following ways

• Aadhaar-based OTP

• Net Banking

• Bank Account

• Demat Account

• ATM

• Digital Signature Certificate 

ITR-verification through Aadhaar-based OTP

The condition is that your mobile number must be linked to your Aadhaar, and also your PAN-Aadhaar must be linked.

Follow the below steps to e-verify your ITR through Aadhaar OTP

• Log on to the e-filing portal

• Under the ‘e-file’ tab on the dashboard, click on ‘Income Tax Returns’ and then select ‘e-verify ITR through Aadhaar return’

• Next, select ‘I would like to e-verify using OTP on the mobile number registered with Aadhaar OTP verification‘ 

• Click on ‘I agree to validate my Aadhaar Details’, and generate Aadhar OTP for ITR

• Enter the OTP for verification and submit it

On successful submission, you will be notified. 

ITR-verification through Net Banking

ITR e-verification is possible through net banking as well. You can e-verify following the below steps. 

• Choose ‘Through Net Banking’ from the e-Verify page and click ‘Proceed’

• Click ‘Continue’ after choosing your preferred bank to use for e-Verification 

• Read the disclaimer and click ‘Continue’

Note: Following this, a page allowing you to log into your bank account through Net Banking will open

• Enter your Net Banking user ID and password to access your Net Banking account

• To access e-filing via your bank's website, click the generated link 

• You will be directed to the e-filing site and logged out of internet banking.

• You will be redirected to the e-Filing Dashboard upon successful login. Click on ‘e-Verify’ after going to the relevant ITR, Form, or service. Your ITR, Form, or Service will be successfully e-verified.

Post verification, a success message page is displayed. You will also get a Transaction ID that you should make a note of for future reference. A confirmation message will be sent to the email address and mobile number you registered with on the e-filing portal.

ITR-verification Using Bank Account

• On the e-Verify page, select ‘Through Bank Account’ and then click ‘Continue’

• EVC will be generated and sent to the mobile number and email address associated with your pre-validated, EVC-enabled bank account

• Enter the EVC generated on your mobile phone and email address associated with your bank account in the Enter EVC field, then click ‘e-Verify’

A success message page will be displayed along with the Transaction ID and EVC. Please take note of the Transaction ID and EVC for future reference. You will also receive a confirmation message via the email address and mobile number you submitted with the e-filing portal.

ITR-verification Using Demat Account

Demat account e-verification can be done the following way:

• On the e-Verify page, opt for ‘Through Demat Account’ and then click ‘Continue’.

• Provide the EVC received on your mobile number and email ID linked with your demat account into the Enter EVC text field and click ‘e-Verify’.

A success message page is shown along with the Transaction ID and EVC. Please take note of the Transaction ID and EVC for later reference. You will also receive a message of confirmation at the email address and mobile number you entered with the e-filing portal.

Bank ATM (Offline Method)

 If online methods are not available to you, then you can also make use of this offline method. 

• Go to your nearest ATM of your bank and insert your ATM card

Note: This service is only offered by a few banks

• Enter your PIN and choose ‘Generate EVC for Income tax Filing’

• Your email address and mobile number that you registered with the e-filing portal will receive an EVC (Electronic Verification Code)

Note: Your PAN needs to be linked to your bank account, and it also needs to be registered on the e-filing portal.

• The generated EVC can be used to e-verify the return by selecting 'I already have an Electronic Verification Code (EVC)' as the preferred method of e-verification. 

Axis Bank Ltd, Canara Bank, Central Bank of India, ICICI Bank, IDBI Bank, Kotak Mahindra Bank, and State Bank of India are among the banks that offer the Bank ATM option for generating EVC.

ITR-verification Using Digital Signature Certificate (DSC)

E-verification through a Digital Signature Certificate(DSC) is possible only while filing your ITR. You can’t choose DSC if you want to e-verify later. 

If you wish to e-verify your ITR immediately after filing, you can use DSC the following way.

• On the e-Verify page, choose ‘I would like to e-Verify using Digital Signature Certificate (DSC)’ 

• Next, choose ‘Click here to download emsigner utility’ on the ‘Verify Your Identity’ page

• On the 'Verify Your Identity' window, select 'I have downloaded and installed emsigner Utility' and then click Continue

• On the ‘Data Sign’ screen, choose your Provider, Certificate, and Enter the Provider Password and Click ‘Sign’

After successful verification, you will see a success message and your Transaction ID, which you should keep a note of for future reference. Additionally, you will receive a confirmation message on your registered mobile number and email address.

How to Download Income Tax Return (ITR) Online?

Online filing of income tax returns has become very simple and convenient in recent years, allowing individuals to do it themselves rather than relying on a tax practitioner. Filing an income tax return is a requirement for everyone.

However, no filing is required for individuals under the age of 60 whose gross total income before deductions are less than Rs. 2.10 Lakhs. This limit is Rs. 3 lakh for resident senior citizens (aged 60 to 80 years) and Rs. 10 Lakhs for resident super senior citizens (aged above 80).

Follow the steps listed below to download income tax return:

• Step 1: Go to the official income tax filing portal. Click on the ‘Register’ or ‘Login’ button on the income tax portal.
• Step 2: If you are a new user, click ‘Register.’ (To register, choose a user type, enter the required information, and validate the registration.) If you are an existing user, click the ‘Login’ button.

• Step 3: After you've logged in, go to ‘My Account’ and select ‘Download Pre-filled XML.’ Choose the Assessment Year for which a return is required. Select the ITR Form Number for which the Excel utility was downloaded.

• Step 4: Select the applicable ITR Form based on the nature of income mentioned in the description box, and download it in Microsoft Excel format.
• Step 5: Save the XML file to your computer.
• Step 6: The Excel and XML utilities will be saved in the PC's downloads folder. By clicking on ‘Import from XML,’ you can import data from the pre-filled downloaded XML file into the Excel utility.

How to Download XML files for ITR?

• Check the auto-filled information and fill in the blanks in the excel utility. Once all of the required information has been entered, click the "calculate tax" button. If you need to pay taxes, go to the “Taxes Paid and Verification” tab and select “e-pay Tax.”
• You will be taken to the NSDL website. Choose the appropriate options and pay the taxes. The challan will be produced.
• Enter the challan details in the excel utility under the "TDS" tab> "Sr No 21 IT – Details of Advance Tax and Self-Assessment Tax Payments."
• In each sheet, click the “Validate” button, followed by “Generate XML file.”
• A summary tab with the option to "save XML" will be generated.

Filling out the XML File

• After saving the XML file, log in to the portal and select the “Income tax return” option under the “e-file” tab. Choose ‘Upload XML’ for the assessment year, ITR form number, filing type, and submission mode. Select the option to e-verify the return as well. Upload the XML file and then press the Submit button.
• Verify the return using e-mail.
• Verify the return by using an Aadhar OTP or a Net Banking OTP. If the user does not wish to e-verify the return, the ITR must be submitted to CPC Bangalore within 120 days.
• When the return is successfully uploaded, an income tax acknowledgment will be generated.

The Income Tax Department has prescribed seven types of ITR forms: ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, and ITR-7, and the form's applicability is determined by the nature and amount of income as well as the type of taxpayer.

ITR Form type	Applicability
The interest rate is higher.	The interest rate is lower.
ITR- 1	To be filed by residents with a total income of up to 50 lacs from the following sources: Earnings A single house property Other sources, excluding lottery winnings and horse race earnings Earnings from agriculture of up to INR 5,000
ITR-2	Individuals and HUFs who are not eligible to file form ITR-1 and do not have income from profits and gains from business or profession must file this form.
ITR-3	Individuals and HUFs with profits and gains from a business or profession must file this form.
ITR-4	To be filed by resident individuals, HUFs, and firms (other than LLP) with total income up to 50 lacs and income from business or profession computed under section 44AD, 44ADA, or 44AE.
ITR-5	To be filed by persons other than individual, HUF, company and person filing Form ITR-7
ITR-6	This is for companies that do not claim an exemption under Section 11
ITR-7	To be filed by persons and companies who are required to furnish returns under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) only

How to Download the ITR Computation Sheet?

The assessee can now check his return with the computation sheet to see the variance and respond to the department accordingly. Where demand is raised manually outside the system, the assessee must request a resend of the intimation through the portal or contact the jurisdictional Assessing Officer.

Given below is the detailed procedure

• Step 1: Visit the official website for income tax filing.

• Step 2: Log in to your account by entering PAN details and password.
• Step 3: Select e-File ‘Response to Outstanding Tax Demand' after logging in.
• Step 4: When you click the button Response to Outstanding Tax Demand, a window will open that shows any outstanding tax demands.
• Step 5: If there is a tax demand, the assessee can download the details in PDF format by clicking on the download button next to the demand amount.

How to Download ITR-V?

ITR-V is the acronym for Income Tax Return Verification, and it is generated by the IT department for taxpayers to verify the legitimacy of their e-filing.

It only applies to those who file without using a digital signature. It is now simpler than ever to obtain your ITR-V from the convenience of your own home or office.

The process to download ITR-V is summarised in the steps below:

• Step 1: Log in to the Income Tax India website.

• Step 2: To view e-filed tax returns, select the ‘View Returns/ Forms' option.

• Step 3: To download your ITR-V, click on the acknowledgment number. You could also opt to e-verify your tax return.

To e-verify, go to the ‘Click here to view your returns pending for verification’ option.

• Step 4: To start ITR acknowledgment download, select ‘ITR-V/Acknowledgement.'

• Step 5: Once the document has been downloaded, enter the password to open it. The password is your PAN number in lower case letters, followed by your date of birth.

Example:

• PAN: BPKAP113F
• DOB: 11/03/1987
• Password: BPKAP113F11031987

• Step 6: Print, sign, and return this document to CPC Bangalore within 120 days of the e-filing date.

Requirements for ITR-V

• A taxpayer should have filed an ITR for a certain fiscal year and received an acknowledgment in ITR-V.
• The ITR-V would include an acknowledgment number, which is required for the e-verify service.
• The ITR should be submitted by a taxpayer who is not required to sign the ITR with a DSC (Digital Signature Certificate)
• An authorized signatory or representative assessee should not file the ITR.

Conclusion

Every Indian citizen whose gross total income exceeds the taxable limit in a fiscal year is required to file an income tax return, as is common knowledge (ITR).  According to tax experts, filing income tax returns is required where an individual's gross total income exceeds Rs. 2,50,000.  The importance of filing the ITR on time cannot be overstated, given the consequences of failing to do so. Filling out ITR also has several long-term benefits, so it is recommended for all wage earners to do so.