Income tax return filing deadline July 31 is just a few days away. From this year onwards, taxpayers who fail to submit their return in due time will be required to pay a penalty for late filing. Taxpayers filing returns for the financial year 2018-19 and the assessment year 2019-20 must clear their income tax liability before the last date.
It may be noted all normal Indian citizens below the age of 60 years whose gross annual income (excluding the eligible tax breaks) exceeds the basic income tax exemption limit of Rs 2.5 lakh are required to file income tax returns. The income tax exemption limit for senior citizens (between the age of 60 years and 80 years) and super senior citizens (above the age of 80 years) has been fixed at Rs 3 lakh and Rs 5 lakh respectively.
Taxpayers can file their returns online through income tax return e-filing website www.incometaxindiaefiling.gov.in. In case you have forgotten your password, you can easily reset it using either Aadhaar OTP, net banking login, DSC, e-filing OTP, secret question answer.
In order to reset your password do this:
Step 1: Visit e-filing website and on Homepage, click ‘Login Here’.
Step 2: Click on ‘Forgot Password’ link.
Step 3: Provide user ID, Captch and click on ‘Continue’ to proceed.
Step 4. You can further choose either of the five options available to reset the password.
1. Using Aadhaar OTP:
Step 1: Select ‘Using Aadhaar OTP’ from the drop-down menu and click on ‘Continue’.
Step 2: You will be redirected to a page where you can confirm your Aadhaar number. Click ‘Generate Aadhaar OTP’.
Step 3. Aadhaar OTP will be generated and sent to the mobile number registered with Aadhaar. User must enter the Aadhaar OTP received and click on ‘Validate’ button…..Read more>>