Register on the ITR portal
To register yourself on the ITR portal, you will be asked to provide various details, such as your PAN, full name, and date of birth provide your Permanent Account Number (PAN), name and date of birth details. You will then be asked to set your password. Your PAN will act as your user ID. Please note that your PAN will be used as your user ID on the portal.
Select ITR form
There are different ITR forms. Select and download the form that is applicable to you. You may use the following information for your reference:
ITR 1 (Sahaj) form is for individuals with a total income of up to ₹50 lakhs per annum. This form may also be used to report salaried income, one house as a property asset, residuary income like interest etc.
ITR 2 form is for individuals and Hindu Undivided Families (HUF) with an income of over ₹50 lakh per annum from salary/pension, or more than one house as property but do not participate in any business or profession under a proprietorship. It is also applicable for capital gains and foreign assets or income.
ITR 3 form is for individuals and Hindu Undivided Families (HUF) with income sources from businesses or professions under a proprietorship. This is also applicable for individuals that are partners at a firm.
ITR 4 form (Sugam) is applicable for Hindu Undivided Families (HUF) with presumptive income from businesses or professions.
Fill the form carefully and correctly
The ITR form can be filled online as well as offline. If you want to fill the form online, you can choose the assessment year (AY2020-21), and download the offline utility software. To fill the form online, go to the ‘Downloads section ITR Forms AY 2020-21’. Download the income tax return utility. It should automatically start downloading. Once the download finishes, you can open the file on your computer, and fill in the details offline.Open the downloaded file on your system and fill all the details offline. You can then upload the filled documents on the website.
Receive acknowledgement & verification
After uploading your returns on the website, you will receive an acknowledgement as form ITR-V. It is a 1-page verification document you will have to submit to the Income Tax Department on the address mentioned in the document within the next 120 days. This can be done via post. After the Income Tax Department receives this document, your returns will be processed
Receive your tax refund
A tax refund is the refund received on taxes when the tax liability is less than the amount of taxes paid. Taxpayers may be eligible for a tax refund if the tax they need to pay is less than the total amount of withholding taxes and estimated taxes they have already paid.