How is e-Filing different from the regular filing of returns?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 kruthika asked about 3 years ago

How is e-Filing different from the regular filing of returns?

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10 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 acharya answered almost 3 years ago

a. Refunds are processed much faster than paper filed returns. b. One can do e-filing 24 hours a day, 7 days a week. c. e-Filing is convenient for direct deposit for refunds (ECS).

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Anil Dhawan answered almost 3 years ago

Submitting your tax return by e-file and mailing it on paper are the only two ways to send your tax return to the IRS. E-file is faster, safer, and generally more convenient than paper filing. Filing on paper is generally cheaper, and refunds take longer. E-file benefits Electronically submitting your tax return to the IRS is faster, more convenient, and more secure than paper filing. But in order to e-file your return you have to have your taxes done by a tax preparer, prepare them yourself using tax software, or use one of the "Free File" web software programs. The biggest benefit for electronic filing: you will receive a confirmation that the IRS has received your tax return.This is proof that the IRS received your tax return and has started processing it. If the IRS does not accept your tax return, you will get a rejection notice. The confirmation or rejection notice is sent within 24 hours of transmitting your return. The IRS e-file rejection letter will tell you how to fix your tax return so it will be acceptable to the IRS. Faster and More Accurate E-filing has some added benefits too.Your refund is likely to be processed faster. E-filing means the IRS does not have to re-type your tax return at their service center, which means less chance that the IRS will make a mistake when processing your return.

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Open uri20170510 32134 1uwcnoc?1494421631 Shubhangi Jain answered about 3 years ago

E-filing offers convenience of time and place to tax payers. This facility is available round the clock and returns could be filed from any place in the world. It also eliminates/ reduces interface between assessee and tax officials. The procedure of e- filing is explained on the home page of the website.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Aarti Vadnerkar answered about 3 years ago

Dear IT Returns that are filed electronically are usually processed faster than manually filed returns. All IT Returns are processed by the Central Processing Centre in Bangalore but the efiled returns receive preferential treatment. Efiling also makes life easier for the Income tax officers in the Income Tax, India Department. Thanks

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 jitendra etikala answered about 3 years ago

There are two methods of filling the return electronically, namely: 1. Online filling of data in service tax return and then submit it. 2. Offline filling of data using excel utility and then upload it. (1) Online Filing of data in Service Tax Return and Submit it i. Login into ACES by entering the user-id and password. Home page of the assessee will appear; ii. Under ‘RET’ Main menu, click on the ‘fill’ option of ‘fill ST-3’ sub-menu i.e. RET Menu Fill ST-3 Fill. iii. A page will appear listing the Premises code and Address of the registered premises of the assesssee. Premises code will appear as hyperlink. Click on the hyperlink to prepare the ST-3 Return; iv. After filling the return correctly, Click on the ‘SAVE’ Button appearing on last page and confirmation page of ST-3 will appear; v. To Amend, Click on the ‘Modify’ button or ‘Save’ to store the Return in the database; vi. To submit the ST-3 Return to the department, press “SUBMIT” button. Confirmation will appear for successful submission of ST-3 Return displaying the Unique No. for such Return; vii. Return saved in ACES can be amended before submission by the assessee by clicking on the “Amend ST-3” button under “Fill ST-3” sub-menu. viii. In the same way, Return after submission can be revised once in 90 days by clicking on the “Revise ST-3” option of “Fill ST-3” submenu. (2) Offline filling of data using excel utility and then upload it; i. Click on the ‘Download’ button provided on the left side of ACES Homepage and download excel utility by clicking on the hyperlink “Download ST3 Return Excel Utility”; ii. Use the excel utility to prepare ST-3 return and click on “Validate & Submit” button on the last page to generate XML file; iii. The XML file will be saved in the same folder where the download utility is saved by the user; iv. To upload the ST-3 Return, login into ACES by entering the user-id and password. Click on “Upload File” option of “e-filing” submenu under “RET” Main Menu; i.e. RET Main Menu e-filing Upload file v. Click the “Save” button to save the return in the database of the assessee; Else click on “SUBMIT” button to file the return; vi. Confirmation will appear for successful uploading of Return without any Unique No.; vii. After uploading, click on “View Status” option of “e-filing” submenu under “RET” Menu to view status of Return. A return will be considered as filed only when its status is shown as ‘FILED’ which should be appeared on or before the last due date of 25th April/25th October, as the case may be, for treating the return ‘filed on time’. (3) THE ASSESSEES CAN ALSO ‘VIEW’, ‘SAVE’ AND ‘PRINT’ THEIR FIELD ST-3 RETURN AT ANY TIME BY CLICKING ON THE BUTTON ‘VIEW ST-3’ UNDER ‘RET’ MENU AFTER SUUCESSFUL LOGIN INTO ACES.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered about 3 years ago

a. Refunds are processed much faster than paper filed returns. b. One can do e-filing 24 hours a day, 7 days a week. c. e-Filing is convenient for direct deposit for refunds (ECS). d. Above all the documents for e-filing can be accessed online from anywhere and anytime.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered about 3 years ago

(i) by furnishing the return in a paper form; (ii) by furnishing the return electronically under digital signature; (iii) by transmitting the data in the return electronically under electronic verification code; (iv) by transmitting the data in the return electronically and thereafter submitting the verification of the return in Return Form ITR-V; E-filing offers convenience of time and place to tax payers. E-filing can be done from any place at any time and it saves time and efforts. It is simple, easy and faster. The e-filed returns are generally processed faster as compared to returns filed manuallyThis facility is available round the clock and returns could be filed from any place in the world. It also eliminates/reduces interface between assessee and tax officials. Some benefits of e-filing are mentioned as below: a. Refunds are processed much faster than paper filed returns.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 CA Sandeep Bohra answered about 3 years ago

Dear Friend, The Income tax Return Form can be filed with the Income-tax Department in any of the following ways, - (i) by furnishing the return in a paper form; (ii) by furnishing the return electronically under digital signature; (iii) by transmitting the data in the return electronically under electronic verification code; (iv) by transmitting the data in the return electronically and thereafter submitting the verification of the return in Return Form ITR-V; E-filing offers convenience of time and place to tax payers. E-filing can be done from any place at any time and it saves time and efforts. It is simple, easy and faster. The e-filed returns are generally processed faster as compared to returns filed manuallyThis facility is available round the clock and returns could be filed from any place in the world. It also eliminates/reduces interface between assessee and tax officials. Some benefits of e-filing are mentioned as below: a. Refunds are processed much faster than paper filed returns. b. One can do e-filing 24 hours a day, 7 days a week. c. e-Filing is convenient for direct deposit for refunds (ECS). d. Above all the documents for e-filing can be accessed online from anywhere and anytime.

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Open uri20170510 32134 1c996lj?1494421732 Anil answered about 3 years ago

Submitting your tax return by e-file and mailing it on paper are the only two ways to send your tax return to the IRS. E-file is faster, safer, and generally more convenient than paper filing. Filing on paper is generally cheaper, and refunds take longer. **E-file benefits** Electronically submitting your tax return to the IRS is faster, more convenient, and more secure than paper filing. But in order to e-file your return you have to have your taxes done by a tax preparer, prepare them yourself using tax software, or use one of the "Free File" web software programs. The biggest benefit for electronic filing: you will receive a confirmation that the IRS has received your tax return.This is proof that the IRS received your tax return and has started processing it. If the IRS does not accept your tax return, you will get a rejection notice. The confirmation or rejection notice is sent within 24 hours of transmitting your return. The IRS e-file rejection letter will tell you how to fix your tax return so it will be acceptable to the IRS. **Faster and More Accurate** E-filing has some added benefits too.Your refund is likely to be processed faster. E-filing means the IRS does not have to re-type your tax return at their service center, which means less chance that the IRS will make a mistake when processing your return. Quick Tips for Paper Filing Make sure your name and Social Security Number are on Every Page, both front and back. Double check your address. This is the address where the IRS will send your refund and any notices. If you will be moving, consider using a PO Box or other permanent address. 1. Double check the math. Math errors are the number one reason why the IRS changes a tax return. 2. Mail your return to the right Service Center. 3. Get an automatic extension if you are mailing your return close to April 15th. This will prevent penalties just in case the mail is late. 4. Send your tax payment with your tax return. If you are mailing the return close to April 15th, make your tax payment by web pay, credit card, or mailing a check with the automatic extension form. Make sure your payment gets to the IRS by April 15th to avoid any late payment penalties.

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 20180702 145746 Vaibhav answered about 3 years ago

E-filing offers convenience of time and place to tax payers. This facility is available round the clock and returns could be filed from any place in the world. It also eliminates/reduces interface between assessee and tax officials. Some benefits of e-filing are mentioned as below: a. Refunds are processed much faster than paper filed returns. b. One can do e-filing 24 hours a day, 7 days a week. c. e-Filing is convenient for direct deposit for refunds (ECS). d. Above all the documents for e-filing can be accessed online from anywhere and anytime. Thus we see that e-filing is more convenient than paper return filing or regular return filing.

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