E-filing, or electronic filing, is a system of filing tax returns via the internet.
Uptil now, the general reaction towards filing
income tax returns in our country has
been one of prolonged frustration, many thanks to tedious procedures that were to be
passed to finally have the return filed. There would be a sudden rush to save as much as possible at the
start of the financial year, wherein individuals as well as tax professionals alike would be engrossed in
massive calculations regarding how to minimise the taxable income. Much to the relief of the masses, e-filing has now been accepted by the authorities as a trusted means of filing IT returns since the past two years. Hence, you can now file your returns instantly while not having to step out of your house.
Advantages of e-filing
Convenient, hassle free and user-friendly process
No need to go knocking on your friend/relative's door to get the best advice regarding IT returns. With an extremely user friendly and convenient method available online, you just do not need any assistance while filing your returns.
Accuracy of data
This is one area where most of us are very skeptical, filing the form properly and accurately. Our systems have inbuilt checks which ensures that various Data fields have been filed accurately.
Facility available on 24X7 basis
You can file your returns from anywhere, anytime. There are no office timings, no lunch breaks, and definitely no half days to be taken for the same.
Downloadable Challans
After your return is filed, you would not need to go to the Income tax authority to get your acknowledgment copy, as you can download the same from the internet. What's more, there is also an acknowledgment number given to you as soon as your return is filed online, and you can check the status of your application via the same.
Multiple check points to ensure safety of documents in transit
The internet is possibly the safest place on earth to keep your documents. There is not the slightest possibility of your details or documents getting misplaced en route to the IT department as long as you file your return via e-filing.
