Complete Guidance on Easy and Hassle-free ITR filing |

Complete Guidance on Easy and Hassle-free ITR filing

May 07, 2019 Alankit

Complete Guidance on Easy and Hassle-free ITR filing

Filing of income tax returns is an obligation for individuals and entities if their income of the preceding year exceeds a certain specified amount that is not chargeable to tax, as mandated by the Income Tax Department of the Government of India. The process of filing of Income tax return (ITR) has moved from the traditional offline mode involving paperwork to a fast & more accurate online mode, thanks to the online portal launched by the I-T department that offers citizens a single-window access to all income tax related services.

Here’s a comprehensive guide for taxpayers on everything about the ITR filing process:

What are e-return intermediaries?

Under the Electronic Furnishing of Return of Income Scheme, 2007, authorized intermediaries provide services for electronically filing Income tax return on behalf of taxpayers, thus helping them save time & efforts. A noteworthy industry leader with over two decades of experience, Alankit Limited is a registered e-return intermediary. The company delivers professional & efficient e-filing services for lakhs of non-resident Indians in the UAE.

Alankit plays the key role of a tax consultant, led by a committed team of qualified chartered accountants & tax experts who are abreast with the latest taxation laws & rules. This greatly benefits taxpayers especially first-timers who thus find the entire Income tax return filing process to be smooth and hassle-free.

How does ITR filing help a taxpayer?

Besides being an obligation, ITR filing benefits taxpayers in enhancing chances of availing loans like home loans & personal loans as well as avoiding penalties or legal notices by filing Income tax return every year. NRIs planning to return & settle to their home country for retirement will not find any difficulty once they have filed their I-T returns. Moreover, ITR filing ensures that compliance is taken care of with the I-T department.

Who must filing I-T returns?

Individuals whose gross total income exceeds the basic exemption limit of Rs 2.5 lakh are required to file their Income tax return . The basic exemption limit is Rs 3 lakh for senior citizens above 60 years and Rs 5 lakh for those above 80 years. All NRIs, with exception of those covered under section 115AC having taxable income, are also required to file ITR. Furthermore, filing I-T returns even when one’s income is below the basic exemption limit comes with its own benefits.

The following category of people must also file their Income tax return , as defined by the government:

- Any resident having signing authority in an account located outside India. - People having suffered any loss from a business or profession or a capital loss. - Individuals, HUF, AOP, BOI, having taxable income or with taxable income before making deduction under Section 10A or 10B or under chapter VIA when surpassing the exemption limit. - Those claiming relief under Sections 90 or 90A or deduction under Section 91. - Anyone without any taxable income & deposited TDS or any kind of advance tax payment to avail refund.

Benefits of the e-filing process

The best way to file Income tax return is through the online mode. E-filing is beneficial in terms of easy tracking of ITR status, quicker tax refund claim, access to database information, faster processing, accuracy, confidentiality of assesse information and timely acknowledgement of e-returns.

Also, before e-filing, taxpayers must be ready with a list of vital information entailing PAN, Passport Number, Aadhaar Number, residential address, e-mail address & mobile number, bank account details in the given financial year and additional income sources. The e-filing process starts with submission of ITR form. Proper selection must be made by individual taxpayers from a list of forms viz. ITR 1 (SAHAJ), ITR 2, ITR 3, ITR 4 and ITR 4S (SUGAM), depending on their income source; whereas, companies/firms must choose from ITR 5, ITR 6 and ITR 7.

By keeping the above points in mind and through timely assistance by Alankit, taxpayers will be able to fulfil their duties in a much simplified and smooth way.

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The Privacy Policy covers how the personal information collected from the clients who register for the services and use payment gateway services will be handled, as well as the treatment of the consumer information that we acquire in the course of our business. This Policy is specific to and does not apply to any other websites or Internet services that are part of or to be part of the Alankit Network.

We at Alankit are committed to protect our customers’ personal information and/or sensitive personal data and strive to maintain the privacy of your personal information. Alankit only collects the necessary personally, identifiable information in order to respond to the requests received from the clients for our customized products and services. Personally identifiable information includes, but is not limited to, first and last name, physical address, e-mail address, phone number, and any other information that itself identifies or when tied to the above information, may identify you as a specific individual.

All credit/debit cards details and personally identifiable information will NOT be stored, sold, shared, rented or leased to any third parties. The User agrees that the debit/credit card details provided by him/ her must be correct and accurate and that the User shall not use a debit/ credit card, that is not lawfully owned by him/ her or the use of which is not authorized by the lawful owner thereof.

Alankit reserves the right to amend or modify this Privacy Policy at any time, as and when the need arises. We request you to visit our website periodically for contemporary information and changes. Modifications will be effective from the date they are posted on the website.

If you believe that the company has not adhered to this privacy statement, please contact us by email at, and we will use commercially reasonable efforts to promptly determine and remedy the problem, if any.

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Once the user has accepted the terms & conditions, he/she may be entitled to register and avail the services offered by the Company. The Payment Gateway service is provided to you in order to facilitate access to the services and pay the fee online.

We accept payments online using Visa and Master Card Credit/Debit Card in AED (or any other currency). Any dispute or claim arising out of or in connection with this website shall be governed and construed in accordance with the laws of UAE.

The Company will maintain the confidentiality of each transaction and will not collect or otherwise deal in commercially sensitive information, except to the extent necessary for the Services.

In no event will Alankit, be liable for any damages whatsoever arising out of the use, inability to use, or the results of use of this site, any websites linked to this site, or the materials or information contained at any or all such sites, whether based on warranty, contract, tort or any other legal theory and whether or not advised of the possibility of such damages.

Alankit reserves the right, at our sole discretion, to change, modify, add or remove portions of these Terms of Use, at any time without any prior written notice to you. It is Your responsibility to review these Terms of Use periodically for updates / changes. Your continued use of the Website following the posting of changes will mean that you accept and agree to the revisions.

Refund Policy for Online Payment

In case the service facility is not delivered/provided as committed at the time of Payment acceptance, you may ask for a refund of the payment made. The request for refund is to be submitted along with the reasons, the same will be forwarded for review of the Management. The management will take an appropriate decision after looking into your request.

The person will not be entitled for any refund if the service request is already accepted and documentation is in process. Please note that there will be a nominal deduction of 10% on the payment made, payable towards the administration fee.

Cash refunds are not available. The refund will be processed automatically and will be credited back to the original credit/debit card or bank account from which the payment is made.

The Refund Policy will only be applicable for the online payments made, it will not include any other transactions.

All refund requests are to be submitted to The request will be processed in 4-5 working days and the refund ( if applicable) will be made in 30 days time period.

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