However those assessees who do not have the facility of NetBanking may pay taxes electronically through the account of any other persons. CBDT has clarified the issue vide this circular.
For details please visit http://www.incometaxindia.gov.in/archive/CircularNo.5-21072008.pdf
STEPS FOR efiling
1. Visit the website www.incometaxindiaefiling.gov.in
2. Go to “Download” section.
3. Select the relevant utility (software) and download it.
4. “Excel” utilities are zipped. Unzip the file.
5. Set the security level of any excel file to ‘medium’ or ‘low’ to enable macros. (Tools-macro-Security and set medium or low)
6. Open the unzipped ‘excel’ file and click on ‘enable macro’ button.
7. Enter data in the Return Prep. Utility. (Green cells are meant for data entry. Red fields are mandatory. Do not use any cut/copy/paste option.)
8. After entering data validate each sheet and if found O.K., generate .xml file.( This file will be uploaded as e-return. )
9. Visit the site again and create user id and p/w if not created earlier.
10. Log in with user id and p/w, click on ‘Submit Return’.
11. Browse and select the .xml file, attach Digital Signature if any and click on ‘Upload’.
12. A message appears “The return has been successfully uploaded.” The ITR V will be dispatched by email to the registered mail address. It may also be obtained from My Account-My Return menu.
13. Print the ITR V ,and if it is uploaded without Digital Signature, get signed by the assessee and submit to the respective ward/circle within 15 days. If it is digitally signed, no need to submit anything to the Income Tax Dept.
It is mandatory for all corporate and firms(where audit u/s 44AB is required) to e-file their return of income for the A.Y. 2007-08 onwards.
