ITR filing FY 2023-24: How to register online to e-file income tax return? A step-by-step guide

• Claiming taxation refunds: If you've paid much taxation than required during the twelvemonth (via TDS oregon beforehand tax), filing an ITR allows you to assertion a refund.
• Income and code verification: Your ITR serves arsenic an authoritative papers verifying some your income and address. This tin beryllium advantageous for tasks specified arsenic applying for loans, visas, oregon authorities tenders.
• Loan applications: Banks and different fiscal institutions often usage ITRs to measure your fiscal presumption and creditworthiness during the indebtedness exertion process. Ensuring timely filing of ITRs tin facilitate smoother support of loans.
• Utilize nonaccomplishment carryforward: By filing an ITR, you tin transportation guardant concern losses from 1 twelvemonth to offset against aboriginal income, perchance lowering your taxation burden.
• Government benefits: Certain authorities schemes and assistance programs whitethorn necessitate ITRs arsenic impervious of eligibility.
• Avoids penalties: Failing to record your ITR oregon submitting it precocious tin pb to penalties imposed by the Income Tax Department.
• Promotes transparency and compliance: Filing your ITR fosters fiscal transparency and immunodeficiency the authorities successful accurately tracking income and collecting taxes.

Steps for online registration connected the e-filing portal

The deadline for filing ITRs for the fiscal twelvemonth 2023-24 (AY 2024-25) is rapidly approaching. Taxpayers indispensable instrumentality enactment of this and taxable their returns by July 31, 2024.

1. Visit the homepage of the Income Tax department's e-Filing portal.
2. Provide each required accusation specified arsenic PAN, name, day of birth, rank number, and enrollment day connected the basal details page, past click connected “Continue”.
3. Please enactment that if your PAN is not registered connected the e-Filing Portal, an mistake connection volition beryllium displayed.
4. In the adjacent step, you request to participate each indispensable details specified arsenic your name, day of commencement oregon day of incorporation, sex (if applicable), and residential presumption arsenic per your PAN card, past proceed by clicking Continue.
5. Once idiosyncratic taxpayers' PAN has been authenticated, they volition proceed to the Contact Details page.
6. Provide your superior mobile number, email ID, and address. Then, click connected “Continue.”
7. Two abstracted six-digit OTPs volition beryllium sent to the superior mobile fig and email ID provided.
8. You volition request to participate the abstracted six-digit OTPs received connected your mobile fig and email ID, past click connected “Continue.”
9. Please enactment that the OTP volition stay valid for 15 minutes only, and you volition person 3 attempts to participate the close OTP.
10. Enter your password successful the “Set Password” and “Confirm Password” substance fields connected the Set Password screen.
11. You request to acceptable a personalized connection for the password and past click connected “Register.”
12. Once successfully registered, click connected “Proceed to Login” to initiate the login process.