Process for Preparing Regular or Belated Returns

ExpressITR || Process for Preparing Regular or Belated Returns

Here's a structured guide for preparing Regular Return or Belated Return using Express ITR:

Prepare Regular Return

Step 1: Access the Return Flow
  1. Open the client profile in Express ITR.
  2. Sync Data:
    1. Click the Sync button to import data from 26AS or AIS (TDS, TCS, Tax Paid, or Income details).
    2. Data will be automatically populated into the software.
      
  1. Use the Auto-Fill button under each Head of Income to update the relevant fields.
Step 2: Enter Other Income Information
  1. Manually input any additional income details that are not reported in the AIS.
      

Step 3: Verify Tax Computation
  1. After entering all income data, review the Tax Computation to verify the accuracy of the fed data and the calculated taxes.
      

Step 4: Compare Tax Regimes
  1. Review the Old vs. New Tax Regime comparison.
      
  1. Select the tax regime that benefits the client the most.
      
      

Step 5: E-Filing Preparation
  1. Verify all income and tax computation details.
  2. If accurate, proceed by clicking the E-Filing button.
      

Step 6: Error Rectification
  1. Click on the Review and E-Filing button.
      
  1. Address errors flagged by the Schema Validation system:
    1. Click on the error link to be redirected to the incomplete or incorrect data fields.
    2. Update the information as required.
Step 7: Final Steps
  1. Once all errors are cleared:
    1. Download the JSON file using the Download JSON button.
    2. Alternatively, click Proceed for E-Filing to file the return on the portal.
      


Prepare Belated Return
  1. Follow the same process as above for filing a belated return.
Notes
Note: The software automatically identifies the return as Belated if filed after the due date.

Note: Always double-check all entries and computations to ensure the return is accurate and compliant with current tax laws.

    • Related Articles

    • ExpressTDS || View and Work on "Returns in Progress"

      How to View and Work on "Returns in Progress" in ExpressTDS Follow these steps to manage and resume TDS returns in progress: Step 1: Navigate to Deductor Master Log in to ExpressTDS. Go to the Deductor Master section to access TDS returns and company ...

    • ExpressITR || Procedure for Preparing Tax Audit Forms 3CA-3CD and 3CB-3CD

      Procedure for Preparing Tax Audit Forms 3CA-3CD and 3CB-3CD Step 1: Open the client and select the Prepare button under the Audit Summary section. Step 2: Navigate to the Form 3CA-3CD/Form 3CB-3CD option. The appropriate form will be displayed based ...

    • ExpressTDS || Process to Prepare and File 26Q TDS Return

      Process to Prepare and File 26Q TDS Return in Express TDS Step 1: Login and Select Deductor Login to https://www.expresstds.com/ From the Deductor Master list, select the company/deductor for whom the TDS return is being prepared. Step 2: Start ...

    • ExpressTDS || Process to Prepare and File 27Q TDS Return

      Form 27Q is the statement of the return for the Non-Salary Payments Done to an NRI. The Indian buyer is required to submit the form 27Q every quarter before the due date. Non-resident Indians who do not hold a PAN card are required to pay TDS at a ...

    • How to File Belated Return or SECTION 139(4) BELATED RETURNS

      Reason: If the Return is to be submitted after the Due date, the selection of Section 139(4) is to be selected. Procedure to be followed: Go into Transactions >> Filling information >> Filling Status, Select 139 and Select Return Type as Original and ...