CSC ITR Filing – Income Tax Return (ITR) filing is a crucial annual obligation for every individual earning income in India. The process has been made convenient through the Digital Seva Portal in collaboration with Tax Genius and Tax2Win firms.
Benefits of CSC ITR Filing:
Filing income tax returns offers several advantages to taxpayers, including:
- Seamless Processing of Loans: Simplifies securing loans like home or car loans.
- Claiming Refund: Allows individuals to claim tax refunds from the IT Department.
- Easy Visa Processing: Essential for visa applications as proof of income.
- Medical Insurance Deductions: Offers deductions on health insurance premiums under Section 80D.
- Loss Compensation: Companies can carry forward tax losses to future years.
- Interest Deduction: Enables interest deduction while applying for home loans.
Modes of Filing Return of Income:
- Paper form
- filing Electronically
- Electronic filing with verification code
- Electronic transmission with subsequent verification
Document Attachment Requirements: ITR forms are attachment-less. Taxpayers are not required to attach any documents but must retain them for future reference.
Difference Between e-Filing and e-Payment:
- E-payment: Electronically paying taxes.
- E-filing: Electronically furnishing the return of income.
CSC ITR Filing – Process Flow:
ITR Filing with Tax Genius:
- To begin, login to the Digital Seva Portal using your CSC-ID and password.
- Next, navigate to the Income Tax section and specifically choose Tax Genius for ITR Filing.
- Then, download the Income Tax Filing Form and proceed to fill it out.
- After filling out the form, submit it and continue with the transaction process.
- Finally, upon successful submission, you will receive an acknowledgment receipt via SMS and email.
ITR Filing with Tax2Win:
- Start by logging in to the Digital Seva Portal using your CSC-ID and password.
- Next, opt for Tax2Win for ITR Filing from the available options.
- Then, either fill in the basic details manually or retrieve a pre-filled ITR if available.
- Once the form is completed, submit it and move forward with the transaction process.
- Finally, upon successful submission, you’ll receive an acknowledgment receipt for the transaction.
By following these steps, taxpayers can fulfil their ITR filing obligations conveniently and efficiently through the CSC’s Digital Seva Portal.
