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    ITR filing: Prefilled ITRs now available for all individuals

    Synopsis

    According to the latest update, the department has started providing pre-filled XML file containing details such as employer details, allowances and so on.

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    Recently, the tax department started providing individuals filing their ITR-1 using the online platform pre-filled details which include salary income, interest income and tax details.
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    After making the process of filing income tax returns (ITR) easier for the individuals taxpayers who are required to file ITR1, the tax department is trying to make it easier for other taxpayers as well. As per the update on July 11, 2019, on the e-filing website, "Currently, pre-filled XML is available for ITR 1, 2, 3 and 4 for FY 2018-19. For other ITRs, it will be available shortly." This move will cover all the individuals who are required to file their tax return for FY 2018-19. This is because as per the forms notified by the Central Board of Direct Taxes (CBDT) for FY 2018-19, the individuals can file ITRs using forms 1 to 4 only.

    According to the latest update, the department has started providing pre-filled XML file which contains details such as employer details, allowances, deductions, dividend, and interest income and so on. The XML file can be downloaded by the individuals from the e-filing website and imported into the Excel utility of the relevant ITR form.

    Individuals filing their return with ITR-1 using Excel utility can also download the XML file from the e-filing website. For ITR-1 filers, the XML file also contains the salary details apart from other details such as allowances, deductions etc.

    Individuals can file their tax return either using the online platform on the e-filing website, www.incometaxindiaefiling.gov.in or by filling the details in the excel utility downloaded from the e-filing website and uploading the same on the e-filing website.

    Recently, the tax department started providing individuals filing their ITR-1 using the online platform pre-filled details which include salary income, interest income and tax details. Individuals are advised to cross check the information available on the online platform.

    Also Read: Tax department will pre-fill your salary and FD interest details in ITR-1

    However, those individuals who are required to file their tax return using excel utility such as ITR-2 had to fill-in all details such as name, permanent account number (PAN) and so on which was pre-filled on the online platform for ITR-1 filers.

    Vaibhav Sankla, Managing Director, H&R Block India says, ""The pre-filled ITR 2 Form would undoubtedly make filing easier for taxpayers with pre-populated personal details, employer details, details of tax exempt allowances, TDS details, interest income and rental income details. However, taxpayers should note that ITR 2 and ITR 3 form requires taxpayers to provide break-up of gross salary, which is further divided in three components."

    ITR-2 requires taxpayers to report the salary income as follows:
    • Salary as per section 17(1),
    • Value of perquisites as per section 17(2) and
    • Profit in lieu of salary as per section 17(3)

    Taxpayers would be required to select the different components from the drop down menu of each of the above three items of gross salary from the respective dropdown list provided in the tax return forms. They will still have to do this by themselves as these details are not currently pre-populated since these details are not available with the income tax department.

    How to download XML file from e-filing website
    Follow the steps below to download the pre-filled XML file from e-filing website:

    Step 1: Log into your account on www.incometaxindiaefiling.gov.in
    LoginET Online

    Step 2: Click on 'My Account' tab and select 'Download Pre-fill XML' option
    Pre-fill XML FileET Online

    Step 3: Select the assessment year - 2019-20. Select the ITR-form for which you wish to download pre-filled XML. For instance, here we have taken example of ITR-2. Click on Continue.
    AY and XML form for assessment yearET Online

    Step 4: Select the bank account/s which you want to be pre-filled in the ITR form. Also, select the pre-validated bank account in which you wish to receive the tax-refund, if any. Remember from this year, tax department will issue e-refunds to those bank accounts in which PAN is linked and which are pre-validated on the e-filing website.
    bank accountET Online


    Also Read: Pre-validate your bank account to get tax-refund

    Step 5: Click on 'Download XML'.

    A zip file will be downloaded and you are required to extract it using RAR software.

    How to import XML file into the excel utility
    Follow the steps below to import the pre-filled XML file into excel utility file:
    Step 1: Download the excel utility of the form relevant to your income for FY 2018-19. Remember, the pre-filled XML and the ITR form must be the same.
    Step 2: Extract the excel utility from the zip file and open it.
    Step 3: Click on 'Import Personal and Tax Details from Pre-filled XML'. The details from the XML file will be imported to your ITR form.

    Remember to cross-check and verify the income details once it is imported into the ITR form.

    Also Read

    8 Comments on this Story

    Suresh Kamath413 days ago
    Good ways to help these ITR filers with such Data from the collection of inputs from the PAN ID and thereby saves the Filer MOST of the inputs and needs to check these and submit the ITR sooner than earlier
    Narendra M. Apte420 days ago
    1. I am glad to know that last date for filing the by individual taxpayers has been extended till 31st August, 2019. 2. As a senior citizen I wish to take this opportunity to send a petition with regard to existing provisions in respect of penalty for late filing of Income Tax Return (ITR). 2. As per old provisions, which existed for many years, amount of penalty for delay in filing the ITR was linked to amount of tax (liability) which remains or remained unpaid. Thus, if tax payable (and paid subsequently but before submission of the ITR) was zero, the Income Tax rules did not provide for levy of any penalty for delay in filing the ITR: n other words when a taxpayer has zero tax liability, and even if he/she submitted the ITR late, the rule was that penalty amount was NIL or zero. 3. In March 2017, then Union Finance Minister Arun Jaitley introduced, through the Finance Act for 2017, an amendment to change this legal position about penalty for late filing of ITR. Therefore, I wish to request Ms Nirmala Sitharaman who is Union Finance Minister now, to reconsider the penalty provision inserted by the Finance Act, 2017. 4. I believe that for senior citizens whose tax liability is zero it is unfair to levy a penalty for delay in filing the ITR. Therefore, I wish to make a special appeal and request to Ms Nirmala Sitharaman to the effect that if tax liability is rupees NIL, the penalty for late filing of ITR may be withdrawn or reduced to a token amount of Rs 250/-.
    VKAgarwal420 days ago
    Pre filled particulars in Return forms are not matching with Form 16 which is issued by Tax department. The process be reviewed for completing process without problem to taxpayers, otherwise it take lot of time and effort in first understanding the problem and then correcting to complete and avoiding penalty for wrong disclosure.
    Process should be first tested and only after success, implemented to reduce problems for tax payers and save there time, stress and other problems. It is necessary to improve technical skills of staff in the department for making frequent changes in systems and rules etc.
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