How does the standard deduction benefit the tax payers?

Union Budget 2018-19, introduced standard deduction of 40,000. Which is a pure deduction from tax, as the tax payer need not show any bills or documents to claim.

So, is the standard deduction really beneficial and how?

For example, a tax payer is getting a salary of Rs. 10,00,000. According to the taxation rules. There is a tax slab till Rs.5,00,000 wherein he need not pay the tax for the Rs.5,00,000. So, the next Rs.5,00,000 is considered as taxable income. The tax payer can claim for tax deduction if he has some investments or expenses. Say, before Budget 2018-19, the tax payer can claim for medical reimbursement of Rs. 15,000 by submitting proper medical bills. Also, there was transportation allowance 19,200.

However, the tax payer can claim those benefits only by showcasing the proper bills. With the budget 2018-19, the medical reimbursement and transportation allowance is removed. But a standard deduction of Rs. 40,000 is added. Which means, the tax payer, without proving or without any reason or without submitting any bills can just need not pay tax for that Rs.40,000. 

Aditya Modani, Tax Director, EY India, said, “Re-introduction of standard deduction meets the long-time wish of salaried class taxpayer. Standard deduction will be provided without any requirement to furnish any evidence for claiming such a deduction.”

It is a bundled exemption, in which the individual tax payer might benefit upto INR 5,800.

Budget and standard deduction
Budget and standard deduction

Plan Now and Save More

You can also get tax exemption if you have investments. Your investments can be in mutual funds, insurance, home loan.  You can claim tax benefits upto INR 3,00,000.

It is perfectly fine to invest. Invest now and claim tax benefit and save more. It is also best time to invest in home as the interest rates are lower. So add both the advantages and flow with the market. Loanyantra helps you to plan well and save more on your loans.

Get to know all the tax exemptions associated with home loans. Claim tax exemption on principal and interest. Loanyantra plans it all for you. Loanyantra is just a missed call away –  040-71011991. Get a call back to let us know more about your requirements. Get a customized service from dedicated relationship manager. Know about all the lenders and choose from the favourite banks with reduced interest rates. Also avail discount on interest rates for an year. Loanyantra will still follow your loan till you close the disbursal loan. Yes, loan. Know more to save more.

 

 

e-Filing of Income Tax – Forms, Methods and Types

The below are three options to file Income Tax Returns electronically:

Option 1: e-File without Digital Signature Certificate. In this case an ITR-V Form is generated. The Form should be printed, signed and submitted to CPC, Bangalore, using Ordinary Post or Speed Post ONLY within 120 days from the date of e-Filing. There is no further action needed, if ITR-V Form is submitted.

Option 2: e-File the Income Tax Return (ITR-V) through an e-Return Intermediary (ERI) with or without Digital Signature Certificate (DSC).

Option 3: Use Digital Signature Certificate (DSC) / EVC to e-File. There is no further action needed, if filed with a DSC / EVC.

Note: The Digital Signature Certificate (DSC) used in e-Filing the Income Tax Return/Forms should be registered on e-Filing application.

types_eFiling

Pre-requisite for registration in e-Filing application

A user must register at www.incometaxindiaefiling.gov.in

Pre-requisites to register

1) PAN (Permanent Account Number)

2) TAN (Tax Deduction Account Number)

3) Membership with ICAI – For Chartered Accountant

Registration process

1) Provide PAN / TAN, Password details, Personal details as per PAN / TAN, Contact details and Digital signature (if available and applicable)

2) Submit request

3) On success, Activation link is sent to user through e-mail and a mobile PIN to mobile number. Click on the activation link and provide Mobile PIN to activate e-Filing account.

Once registered, LOGIN using User ID (PAN/TAN), Password, Date of Birth/ Incorporation and Captcha code.

Methods of e-Filing of Income Tax

1) Preparing the Income Tax return off-line using return preparation software, available free of cost at the Income Tax Department e-Filing website and Uploading the Income Tax Return data.

A taxpayer can e-File Income Tax Return from ITR 1 to ITR 7.

2) Submit ITR-1/ITR4S Online– An Individual taxpayer can prepare and submit Income Tax Return- ITR 1/ITR4S-Online.

e-Filing of Income Tax Returns (Offline)

e-Filing_of_Income_Tax_Returns_(Offline)

Steps to download utility and generate XML

Excel Utility – 

1) www.incometaxindiaefiling.gov.in e-Filing Home Page
2) Click on the “ITR” under “Downloads”
3) Click on “Download” link and save the ZIP file (Excel or JAVA utility)
4) Extract the downloaded ZIP File
5) Open the utility, Click on “Import Personal / Tax details from XML” –>Browse and attached the downloaded Prefill XML file to populate the personal information and TDS details.
6)  Enter all the Mandatory Fields –> Validate all the sheets –> Calculate Tax –> Generate XML.
7) Login using e-Filing user credentials
8) Navigate to “e-File” Tab –> Click on“Upload Return”
9) 
Select “ITR Form Name” and “Assessment Year” from the dropdown provided.
10) Browse and attach XML file.
11) Select “Do you want to digitally sign?”–>
12) On successful submit taxpayer will get an option to e-verify return.

JAVA Utility –

1) www.incometaxindiaefiling.gov.in e-Filing Home Page
2) Click on the “ITR” under “Downloads”
3) Click on “Download” link and save the ZIP file (Excel or JAVA utility)
4) Extract the downloaded ZIP File
5) Open the utility, Click on “Prefill” –>Enter “UserId”, Password, “DOB/DOI” and select “Prefill Address”(From PAN Details, From previous ITR Form Filed, None) –> click Prefill
6) Enter all the Mandatory Fields –> Calculate Tax –> save XML.
7) Click on “Submit” –>Enter “Password” and select “Do you want to digitally sign?” –>Submit

Process and Submission of ITR1/ITR 4S Online

The taxpayer has the option of submitting ITR 1/ITR 4S by way of Uploading XML OR by Online submission

e-Filing_of_Income_Tax_Returns_(Offline)2

Steps to e-File Online ITR (ITR 1 and ITR 4S) – 

1)  www.incometaxindiaefiling.gov.in e-Filing Home Page
2) Login using e-Filing user credentials
3) Navigate to “e-File” Tab –> Click on “Prepare and Submit Online ITR”
4) Select “ITR Form Name” from the drop down (ITR-1 or ITR-4S)
5) Select “Assessment Year” –> Select the Radio button “Prefill Address with” to auto populate the address –> Select the Radio button if DSC is applicable –> Click on “Submit”
6) 
Enter the mandatory details in the online form –> Click on “Submit”

Note:
1) 
To e-File using DSC, it should be registered in the e-Filing application.
2) If the Income Tax Return is digitally signed or electronically verified, on generation of “Acknowledgement” the Return Filing process is complete. The return will be further processed and the Assessee will be notified accordingly. Please check your emails on these notifications
3) If the return is not e-Filed with a DSC (digitally signed) or EVC (electronically verified), an ITR-V Form will be generated. This is an Acknowledgement cum Verification form. A duly verified ITR-V form should be signed and submitted to CPC, Post Bag No. 1, Electronic City Post Office, Bangalore – 560100 by Ordinary Post or Speed Post (without Acknowledgment) ONLY, within 120 days from the date of e-Filing.
4) On receipt of the ITR-V at CPC, the return will be further processed and the Assessee will be notified accordingly.

Register Digital Signature Certificate (DSC):

Follow the below steps to register DSC in e-Filing of income tax

1) www.incometaxindiaefiling.gov.in e-Filing Home Page
2) Login with e-Filing user id and credentials
3) Navigate to “Profile Setting” Tab –> Click on “Register Digital Signature Certificate”
4) 
Download “ITD e-Filing DSC Management Utility” from the link provided in e-Filing website Extract the downloaded DSC Utility –> Open the Executable Jar File (DSC Utility)
5) “Register/Reset Password using DSC” – tab
6) Enter e-Filing User ID, Enter PAN of the DSC, Select the type of DSC
7) DSC using .pfx file
8) Select the Type of DSC .pfx file
9) 
Browse and attach the Keystore file (.pfx File)
10) Enter the password for your private key
11) Click on “Generate Signature file”
12) DSC using USB token
13) Select the Type of DSC (.pfx file or USB token) USB Token
14) Select USB Token Certificate –> Click on “Generate Signature File”
15) Browse and attach the signature file using the browse option –> “Submit”,

Modes of e-Verification

The below are the options provided to electronically verify the returns
Option 1: e-Verification using e-Filing OTP (only available if Total Income is less than or equal to Rupees 5 Lakhs and Refund or Tax payable upto 100 Rupees.
Option 2: e-Verification using NetBanking login
Option 3: e-Verification using Aadhaar OTP validation.
Option 4: e-Verification using Bank ATM (SBI)
Option 5: e-Verification using Bank Account Number (PNB)
Option 6: e-Verification using Demat Account

Note: No Further actions required by the taxpayer post e-Verifying the Return

Upload of Income Tax Form (Other than Income Tax Returns) by Tax Professional

Steps to e-file Audit Form(CA):
1) The taxpayer (Client) has to add a particular CA for upload of particular audit form. Post which, the CA has to login into his account and download required Audit Form. After updating, the CA has to upload the Audit form using CA login.

Add CA functionality:
1) www.incometaxindiaefiling.gov.in
– e-Filing Home Page
2) Login with efiling user credential.
3) Navigate to “My Account” –> “Add CA” –> Enter “Membership Number”, “Name of the CA”, select “Form Name” ,“Assessment Year” –> click “Submit” to add CA.

efiling-of-income-tax_loanyantraE-file Audit Form:
1) www.incometaxindiaefiling.gov.in – e-Filing Home Page
2) Login with CA credential.
3) Navigate to “e-File” –> “Upload Form”
4) 
Enter “PAN/TAN” of the Taxpayer, “PAN of the CA”, Form Name, “Assessment Year”, Filing Type, “Attach the XML” , “Attach Signature File” and click on submit.

A request will be sent to Taxpayer of such upload done by the CA. The taxpayer can view the same under “Work List” option after login with taxpayer’s login credentials.

Approve Audit Form:
1) www.incometaxindiaefiling.gov.in – e-Filing Home Page
2) Login with user Credential.
3) Navigate to “Worklist” –> “For your Action” –> “Click on “Click Here” for view Uploaded Form Details
4) Click on “View Form” –> select “Approve/Reject” –> enter “Rejection comment” –> click on “Submit”

Once assesse approves the audit form it will be considered for processing. In case of rejection, CA has to upload the audit form again after making necessary changes.

Submit Online Form:
1) www.incometaxindiaefiling.gov.in
– e-Filing Home Page
2) Login with e-Filing User credential.
3) Navigate to “e-file” –> “Prepare submit Online Form (Other than ITR)” –> Select the “Form Name” and “Assessment Year”
4) 
Click on “Continue” to proceed further.

Stay digitalised and connected. Happy Tax Saving Month.

What is tax e-Filing?

What is tax e-Filing?

The process of electronically filing Income tax returns through the internet is known as e-Filing.

efiling

e-Filing of Returns/Forms is mandatory for :

1) Where accounts are required to be audited under section 44AB ;

2) Where (a) is not applicable and

a)  The return is furnished in ITR-3 or in ITR-4; or

b) The individual/HUF being a resident (other than not ordinarily resident) has Assets, including financial interest in any entity, located outside India, or signing authority in any account located outside India, or income from any source outside India;

c) Any relief in respect of tax paid outside India under section 90 or 90A or deduction under section 91 is claimed.

d) Where an assessee is required to furnish an Audit Report specified under sections 10(23C) (iv), 10(23C) (v), 10(23C) (vi), 10(23C) (via), 10A, 10AA, 12A(1) (b), 44AB, 44DA, 50B, 80-IA, 80-IB, 80-IC, 80-ID, 80JJAA, 80LA, 92E, 115JB, 115VW or give a notice under section 11(2)(a) shall e-File the same. These Audit Reports are to be e-Filed and any person required to obtain these Audit Reports are required to e-File the return.

e) Total income exceeds five lakh rupees or any refund is claimed (other than Super Senior Citizen furnishing ITR1 or ITR2)

3) In cases covered by (a) above, the return is required to be e-Filed under digital signature (DSC).

4) In cases covered by (b) above, the return is required to be e-Filed using any one of the three manners namely i) Digital Signature Certificate (DSC) or ii) Electronic Verification Code (EVC), or iii) Verification of the return in Form ITR-V.

In all cases of company the return is required to be e-Filed under digital signature (DSC)

In the case of a person required to file ITR-7:

a) For a political party the return is required to be e-Filed under digital signature (DSC)

b) In any other case of ITR 7, the return is required to be e-Filed using any one of the three manners namely i) DSC or ii) EVC or iii) ITR V

In case of Firm or Limited Liability Partnership or any person (other than a person mentioned in A, B & C above) who are required to file return in Form ITR-5

a) Where accounts are required to be audited under section 44AB, the return is required to be e-Filed under digital signature (DSC)

b) In any other case the return is required to be e-Filed using any one of the three manners namely i) DSC or ii) EVC or iii) ITR V.

A company and an assessee being individual or HUF who is liable to audit u/s 44AB are required to furnish Form BB (Return of Net Wealth) electronically under digital signature.

Information to be furnished for payments, chargeable to tax, to a non-resident not being a company, or to a foreign company in Form 15CA.

Appeal to the Commissioner(Appeals) in Form 35.

Trouble Shooting on e-Filling

trouble-e-filing

For DSC Registration

Problem Description: I am not able to register my Digital Signature Certificate. Or while trying to e-File Income Tax Return using Digital Signature Certificate, the ‘Select your .pfx file’ or ‘Select with your USB Token’ buttons are not displayed or are not clickable.

Corrective Action: This occurs due to the following reasons:

* Check if Java Runtime Environment 1.7 or above is installed in your PC. If it is not installed, click here to download.
If Java Runtime Environment 1.7 or above is installed in your PC and still you are unable to register DSC to e-Filing application, this is because the Java is disabled.
GO TO Internet Options .Advanced .Settings .Enable the check-box for ‘Java’.

Problem Description: An error appears on the screen: The E-mail ID in the Digital Signature Certificate does not match. Please retry.

Corrective Action: The registered e-mail ID in your e-Filing profile is not the same as in your Digital Signature Certificate. In case it is not the same, you can:

* GO TO ‘Profile Settings’ (in e-Filing Portal) -> ‘Update contact details’ and change the e-mail ID or,
* Get a new Digital Signature certificate from your Certificate Provider which contains the same e-mail ID as mentioned in your e-Filing profile.

Problem Description: An error appears on the screen: Invalid Digital Signature Certificate. Please contact your Certificate Provider.

Corrective Action: This could be due to the below reasons:

* Digital Signature Certificate is revoked.
* Digital Signature Certificate is not Level 2 or above. Only Level 2 or above Digital
* Certificates can be registered on e-Filing website.
* Digital Signature Certificate is not created in SHA-1 (Hash algorithm and 1024 bit RSA) or SHA-2 (Hash algorithm and 2048 bit RSA).

Contact the Certificate Provider and get your Digital Signature Certificate checked.

Problem Description: An error appears on the screen: Validity of the Digital Signature Certificate has expired. Please update a valid Digital Signature Certificate.

Corrective Action: The validity period of the Digital Signature Certificate has ended. Attain a new Digital Signature Certificate from the Certified Service Providers and then
register.
Problem Description: An error appears on the screen: Validity of the Digital Signature Certificate has not commenced. Please contact your Certificate Provider.

Corrective Action: The validity period of the Digital Signature Certificate has not yet started. A Digital Certificate cannot be registered if the validity period is yet to begin.
You can:

* Register the same Digital Signature Certificate post the ‘Start date’ of the Digital Signature Certificate.
* Contact your Certificate Provider and attain a Certificate with a ‘Start Date’ same or less than the date of registering the DSC with e-Filing website.

Problem Description: An error appears on the screen: Invalid Digital Signature Certificate. The trusted Parent Certificate could not be verified.
Corrective Action: Digital Signature Certificate does not belong to a Trusted Certificate Provider. To view the list of the Certified Certificate Providers. In this case, you should contact the Certificate Provider and get your Digital Signature Certificate checked.
Problem Description: An error appears on the screen: The PAN mentioned in the Digital Signature Certificate does not match. Please retry.
Corrective Action: This could occur due to the below reasons:

* The PAN in the Digital Signature Certificate does not match with your registered PAN. You should contact your Certificate Provider and get the PAN in your Digital Signature Certificate checked.
* If you are a Firm/Company/ AOP/BOI/ Legal authority/ Co-operative society, Artificial Juridical Person/ Trust, ensure that the PAN mentioned in the Digital Signature is that of the current Principal contact (Authorized signatory). If your principal contact has changed, ensure that you have updated the PAN details of the new principal contact (under ‘Profile Settings’ • ‘Update Principal Contact’s details), and the PAN encrypted in DSC matches with PAN of Principal contact.

Problem Description: An error appears on the screen: The Digital Signature Certificate is already registered.

Corrective Action: A Digital Signature Certificate (DSC) cannot be registered by multiple users. This error appears due to the below reasons:

* The DSC you are registering belongs to someone else. Make sure that the DSC you are registering belongs to you and has your PAN and e-mail ID encrypted.
* The only exception to this rule is that an authorized signatory (principal contact) for an organization should register his/her own DSC to e-File for the organization. The same DSC can be used for personal e-Filing too.

Problem Description: I am the Principal contact (authorized signatory) for a Firm/Company/ AOP/BOI/ Legal authority/ Co-operative society, Artificial Juridical Person/ Trust. I am trying to upload Income Tax Return using Digital Signature Certificate (DSC) for the same but I am getting an error message saying “PAN mentioned in Personal/ Verification section is invalid”. What should I do?

Corrective Action: Please ensure that the PAN entered in the Verification section of the Income Tax Return is your (Authorized signatory) PAN and not of the Firm/Company/ AOP/BOI/ Legal authority/ Co-operative society, Artificial Juridical Person/ Trust. Also, if the Income Tax Return is being digitally signed, the PAN encrypted in the DSC must match with the PAN mentioned in the verification section.

Problem Description: An error appears on the screen: Invalid File format. Please retry.

Corrective Action: The DSC uploaded is not a valid DSC. Please select a valid DSC and upload it.

For Opt for Higher Security/ LOGIN

Problem Description: An error appears on the screen: You need to register your Digital Signature Certificate before opting for Higher Security.

Corrective Action:

* For Individual/CA -Please register your DSC by navigating to ->My Profile -> Register Digital Signature Certificate. On registering, you can enable higher security by navigating to -> My Profile -> Opt for Higher Security.
* For Company/BOI/Local Authority/Firm/Trust/AOP/AJP -Please update your Principal Contact details and register your DSC by navigating to -> My Profile -> Update Principal Contact and then My Profile -> Register Digital Signature Certificate. On registering, you can enable higher security by navigating to ->My Profile ->Opt for Higher Security.

Problem Description: I am not able to enable Higher Security.

Corrective Action: To enable higher security, GO TO ‘Profile Settings’ •
‘Opt for Higher Security’.

If you are not able to enable higher security, it could be because your Digital Signature Certificate is NOT registered with e-Filing web-site. GO TO ‘Profile Settings’ • ‘Register
Digital Signature Certificate’ and register the Certificate. Once Certificate is registered, enable the option for higher security.

Problem Description: I have enabled higher security. I am uploading my Digital Signature Certificate during LOGIN but I am unable to LOGIN.
Corrective Action: In case you are not able to LOGIN using Digital Signature Certificate, it could be due to the following reasons:

* The Digital Signature Certificate used for LOGIN is not the registered Digital Signature Certificate. Use the same registered Digital Signature Certificate to LOGIN.
* Digital Signature Certificate is Revoked (Invalid). Contact the Certificate Provider in such cases.
* Digital Signature Certificate is not from a Trusted Certificate provider. Contact the Certificate provider in such cases. Also, to view the list of Certified Certificate Providers.
* The Digital Signature Certificate’s validity has EXPIRED. In such cases, you can LOGIN with User ID and Password ONLY (Date of Birth/ Incorporation in case of Individuals, Corporate and Chartered Accountants), but your higher security is disabled. To enable it again, attain a fresh valid Digital Signature Certificate and
register. To register, GO TO ‘Profile Settings’ • ‘Register Digital Signature Certificate’. Once Digital Certificate is registered, you can enable higher security.

Problem Description: I have enabled higher security. I am uploading my Digital Signature Certificate during LOGIN but I am getting an error: Invalid Digital Signature Certificate. Please retry.

Corrective Action: This is because the Digital Signature Certificate being used to LOGIN is not the registered Digital Signature Certificate. Use the same Digital Signature Certificate which is registered to LOGIN.

Problem Description: I have enabled higher security. I am uploading my Digital Signature Certificate during LOGIN but I am getting an error: Invalid Digital Signature Certificate. Please contact your Certificate Provider.

Corrective Action: This error occurs if the Digital Signature Certificate registered with e-Filing is revoked (invalid). Contact the Certificate Provider in such cases.

Problem Description: I have enabled higher security. I am uploading my Digital Signature Certificate during LOGIN but I am getting an error: Invalid Digital Signature Certificate. The trusted parent certificate could not be verified.

Corrective Action: This error occurs if the Digital Signature Certificate registered with e-Filing is not from a Trusted Certificate provider. Contact the Certificate provider in such cases. Also, to view the list of Certified Certificate Providers.

Problem Description: I have enabled higher security. I am uploading my Digital Signature Certificate during LOGIN but I am getting an error: Cannot read Certificate Keystore file <File Name>. The file is either not in PKCS#12 format (.P12 or .PFX) or is corrupted or the password is invalid.

Corrective Action: This error occurs if the Password is not entered properly OR the Digital Signature Certificate is improper. Ensure the password entered is correct. If the problem persists, contact your Certificate provider.

Forgot Password

Problem Description: I have forgotten my password. How can I reset my password?

Corrective Action: Password can be reset by following the below steps:

* Click on the ‘Login here’ option on the homepage.
* Click on ‘Forgot Password’ link.
* Enter your User ID and click ‘Continue’.
* You can choose to reset your password using one of the three options-Answer Secret Question, Upload Digital Signature Certificate (if registered)
* Provide the required details and Submit.
* On submission, the details entered are validated. On success, the user will be able to enter the new and confirm password and click Submit.
* User will be able to LOGIN with the new password.

Problem Description: What is the secret question and answer I need to provide to reset my password?

Corrective Action: The Secret Question and Answer is the one selected at the time of registration OR if you have changed it on a later date under ‘Profile settings’. Provide the same secret question and answer to reset the password.

Problem Description: I am trying to upload the Digital Signature Certificate but it displaying an error.

Corrective Action: In case you are not able to upload Digital Signature Certificate, it could be due to the following reasons:

* The Digital Signature Certificate used is not the registered Digital Signature Certificate. Use the same registered Digital Signature Certificate to LOGIN.
* You have not registered your Digital Signature Certificate. You cannot use this option to reset the password till the time the DSC is registered.
* Digital Signature Certificate is Revoked (Invalid) or Expired. Contact the Certificate Provider in such cases.
* Digital Signature Certificate is not from a Trusted Certificate provider. Contact the Certificate provider in such cases.
* Legal Heir
Problem Description: What all document do I need to attach as a ZIP file during registering myself as Legal Heir?

Corrective Action: You need to scan the following documents and ZIP them in a file:

* Copy of the Death Certificate of the deceased person,
* Copy of the PAN card of deceased person,
* Self attested copy of PAN card of the Legal Heir.
* Self attested copy of Legal Heir Certificate
Problem Description: I received an e-mail from Income Tax Department stating that my request for Legal Heir has been accepted and I am assigned as the Legal Heir for the deceased. Can I e-File for the deceased person now?

Corrective Action: Yes.

Problem Description: I am assigned as the Legal Heir for the deceased person. How can I e-File for the deceased person?

Corrective Action: LOGIN using your own User ID, Password and Date of Birth. Once logged in, GO TO ‘e-File’->’Upload Return’. Select the PAN from the drop-down option as the deceased’s PAN. Fill the remaining details on the page and upload XML. Sign using DSC if available and applicable.

Problem Description: I am trying to upload Income Tax Return for a deceased but I am getting an error message saying “PAN mentioned on Personal/ Verification section is invalid”. What should I do?

Corrective Action: Please ensure that the PAN entered in the Verification section of the Income Tax Return is your (Legal heir) PAN and not of the deceased person. Also, if the Income Tax Return is being digitally signed, the PAN encrypted in the DSC must match with the PAN mentioned in the verification section.

Problem Description: Whose Digital Signature Certificate (DSC) can I use to e-File the deceased’s Income Tax Return?

Corrective Action: You need to use your own valid Digital Signature Certificate (DSC) which is registered with e-Filing.

Miscellaneous

Problem Description: I am the Principal Contact (authorized signatory) for a Firm/Company/ AOP/BOI/ Legal authority/ Co-operative society, Artificial Juridical Person/ Trust. I am trying to upload Income Tax Return for the same but I am getting an error message saying “PAN mentioned in Personal/ Verification section is invalid”. What should I do?

Corrective Action: Please ensure that the PAN entered in the Verification section of the Income Tax Return is your (Authorized signatory) PAN and not of the Firm/Company/ AOP/BOI/ Legal authority/ Co-operative society, Artificial Juridical Person/ Trust. Also, if the Income Tax Return is being digitally signed, the PAN encrypted in the DSC must match with the PAN mentioned in the verification section.

Problem Description: I am unable to select the date from the calendar provided.

Corrective Action: Open your Internet explorer browser and GO TO   Tools ->Internet Options -> Advanced ->Reset Internet Explorer settings, and Click the Reset button.

Problem Description: I am trying to upload the Income Tax Return XML but I am getting an error ‘fake path and can’t read the file’. What should I do?

Corrective Action: Please do the following settings: Internet explorer ->
Tools -> Internal Option -> Security -> reset the setting to medium high, close and reopen the Internet Explorer. OR Create a folder called ‘fakepath’ in your C drive and store the XML in the folder. On BROWSE, select this file and upload.

Problem Description: I am trying to upload my Income Tax Return but an error is displayed as ‘Please upload a valid XML’.

Corrective Action: This occurs when the file you are trying to upload is not an XML file. Please ensure that you upload the XML (generated from the Excel utility) and not the Excel.