A comprehensive guide for the page will be available soon.
Steps involved in using myITreturn:
- Register or Login: If you haven't already, create an account on myITreturn or log in if you have an existing account.
- Choose the ITR Form: As discussed earlier, you need to select the appropriate ITR form based on your income sources and taxpayer category. myITreturn should have a tool to help you determine the correct form.
- Enter your Income: This involves detailing your income from various sources like salary, business, interest income, capital gains etc. Myitreturn should have sections for each income type.
- Claim Deductions and Exemptions: You can claim various deductions and exemptions to reduce your taxable income. Myitreturn might offer guidance on applicable deductions based on your situation.
- Compute Tax Liability: Based on your taxable income and tax slab rates, myITreturn should calculate your tax liability.
- Review and Submit: Carefully review all the information you've entered before submitting your ITR.
- E-verify: Once submitted, e-verify your return using Aadhaar OTP for faster processing.
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