 |
|
 |
 |
|||||||||||||||||||||||||
 |
||||||||||||||||||||||||||||
 |
 |
 |
| Paisaa FAQ | ITR Preperation FAQ(s) | ||
| Home | |||
|
Q: What are different ITRs for Assessment Year 2011-12? A: ITR-1 SAHAJ : Indian Individual Income tax Return ITR-2 : For Individuals and HUFs not having Income from Business or Profession ITR-3: For Individuals/HUFs being partners in firms and not carrying out business or profession under any proprietorship SUGAM (ITR-4S) Sugam: Presumptive Business Income tax Return ITR-4: For individuals and HUFs having income from a proprietory business or profession ITR-5: For firms, AOPs and BOIs ITR-6 :For Companies other than companies claiming exemption under section 11 ITR-7 :For persons including companies required to furnish return under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D) ITR-V:Acknowledgment |
|||
| Using TaxMunshi | |||
|
Q: What forms does TaxMunshi Prepare? A: Currently TaxMunshi only prepares Forms ITR-1 and ITR-2. Q: Why should I use TaxMunshi A: Easy to use and simple interface Integrated help - each page has its own specific help on the same screen Register for free and pay only when you are ready to print or file No limit to number of employers, number of deductions, number of investments or number of tax payments you can add Enables both paper filing and e-filing options. TaxMunshi generates ITR -1/2 pdf and XML file for uploading at Income Tax Department's website E-file returns directly at the Income Tax Department Q: How do I become a TaxMunshi user? A: Becoming a TaxMunshi user is extremely easy. Follow the following steps to use TaxMunshi 1. On the home page www.paisaa.in, click on TaxMunshi or "Start for Free". A new window will open up. 2. Click on new user and register your information. 3. Check your email and click on the link send by us. 4. Create your password and you are ready to take advantage of the market leading, easy to use and accurate tax preparation service from TaxMunshi. Q: How do I use TaxMunshi? A: Using TaxMunshi is extremely easy. The application will ask you to fill in relevant information and prompt you to make changes in case you have missed anything. Click on "Take A Tour" on our homepage to see how easy it is to use TaxMunshi. The application is divided into six separate steps - 1. Basic Information- name, email , phone number etc. 2. Personal Information - address, father's name etc. 3. Earnings - You can select relevant earnings applicable to you. For example, salary, housing, pension, rental , investment etc. 4. Deductions - You can select deductions applicable to you. For example, medical, insurance, mutual funds, 80C, 80CC, 80D etc. All deductions available for tax savings purposes are available. 5. Tax Credit/Payment - Enter all your advanced tax payments or tax deductions at source. Select from drop downs to decrease data entry time. 6. Print - In this step, you will be allowed to review all your data entry. Once you feel comfortable, you can pay us and generate your ITR form and XML file. |
|||
| How to File My Tax returns | |||
|
Q: How can I file my paper return? A: We highly recommend that you eFile and not do manual filing as that helps with expedited return processing. However, if you want to file manually, TaxMunshi also provides a complete and accurate ITR-1/2 in pdf version. Print this form and sign it based on teh instructions provided. You can submit the form physically to your Local Income Tax office by July 31st for the previous Assessment Year. Q: How can I e-file my return? A: Following are the steps to e-file your returns 1. You will be provided an option at the end of your ITR preparation to a. eFile with Digital Signature b. eFile without Digital signature 2. Chose the option that is applies to you. If you do not already have a Digital Signature, we recommend eFile without Digital signature. If you have a Digital signature that you want to use , pls. make sure it is registered at with Income Tax Department 3. Once we eFile your return successfully, you will receive an acknowledgement email from ITD 4. Incase the return is digitally signed; on generation of "Acknowledgement" the Return Filing process gets completed. You may take a printout of the Acknowledgement for your record. 5. Incase the return is not digitally signed, on successful uploading of e-Return, the ITR-V Form would be generated which needs to be printed by the tax payers on colour printer. This is an acknowledgement cum verification form. The tax payer has to fill-up the verification part and verify the same. A duly verified ITR-V form should be mailed to "Income Tax Department - CPC, Post Bag No - 1, Electronic City Post Office, Bangalore - 560100, Karnataka" within 120 days after the date of transmitting the data electronically. In case, Form ITR-V, is furnished after the above mentioned period, it will be deemed that the return in respect of which the Form ITR-V has been filed was never furnished and it shall be incumbent on the assessee to electronically re-transmit the data and follow it up by submitting the new Form ITR-V within thirty days. This completes the Return filing process for non-digitally signed Returns. Q: What is e-filing? A: Currently, the Income Tax Department provides a unique functionality to tax payers via its efiling website. Using this functionality, any tax payer can just upload an XML file that is compatible to Income tax Department's requirements Q: Paper based tax filing vs. e-filing? A: Currently, the Income Tax Department provides tax payers two options to file their taxes. One is to use paper based ITR forms and the second option is to use e-filing at Income Tax Department's website mentioned below. We encourage our users to use e-filing since it is more convenient, less time taking and much more accurate. It is also environment friendly. Q: What are the benefits of efiling with digital signature certificate (DSC)? A: There is only one benefit to using Digital Signature Certificate. If you use Digital Signature Certificate, you will not need to physically send the ITR-V. However, this comes at an additional cost and we at Paisaa Innovative Solutions encourage our customers to directly mail the ITR-V to the Income Tax Department , CPC, Post Bag No - 1, Electronic City Post Office, Bangalore - 560100, Karnataka within thirty days after the date of transmitting the data electronically. Even if you decide to purchase a Digital Signature Certificate, you can use our service to generate accurate XML file at a very low cost and upload it at the Income Tax Department website. |
|||
| Promotions | |||
|
Q: What are the promotions available for TaxMunshi? A: We change our promotional offers very frequently. Please look at "Special Offers" section of our website for any current/new offers. |
|||
| Support | |||
|
Q: What can I contact TaxMunshi support for? A: You can contact support@paisaa.in for the following issues: 1. Login/Registration issues 2. Application support issues 3. Payment related issues 4. Money Back Guarantee related issues 5. Any feedback Q: How soon can I expect a reply from TaxMunshi Support? A: We typically provide a response within 24 hours. |
|||
| Payment Methods | |||
|
Q: How do I pay for TaxMunshi? A: You can use multiple payment methods available thru our payment gateway CCAvenue 1. Credit Card s - Master Card, Visa, Diners Club and JCB cards 2. Debit Cards from major Indian banks 3. Net Banking accounts of more than 30 Indian banks 4. Easy Cash Card |
|||
| Security | |||
|
Q: How does TaxMunshi protect your online security? A: We take your financial security very seriously. All the key financial data is encrypted. Apart from that we have upto 256 bit SSL for added security. For your payment transactions, we do not keep any data on our site. All your payment transactions take place directly at our payment gateway CCAvenue which is India's leading payment gateway. |
|||
|
||||||||||||||||||||||||
|
||||||||||||||||||||||||
|
||||||||||||||||||||||||
