Learn how to file Form 10E on the new Indian income tax portal with our step-by-step guide and important points to remember.
Filing income tax returns is an essential responsibility for every individual who earns an income in India. It is a legal requirement that ensures that the government can accurately assess the tax liability of individuals and prevent tax evasion. This article will discuss how to file 10 e income tax form on the new income tax portal.
With the new income tax portal launched in 2021, filing tax returns has become more streamlined and efficient.
What is 10 E Income Tax Form?
Form 10E is a declaration form required to be filed by individuals who want to claim a deduction for arrears or past year’s salary received in the current financial year. This form is a mandatory requirement under Section 89 of the Income Tax Act, 1961. It can be filed by salaried individuals, pensioners, or any other individual who receives arrears or past year’s salary.
Step-by-Step Guide to Filing Form 10E on the New Income Tax Portal
Step 1: Log in to the New Income Tax Portal
To file Form 10E on the new income tax portal, the first step is to log in to the portal. The new income tax portal is designed to provide a user-friendly experience to taxpayers. You can log in using your PAN or Aadhaar number, and your password.
Step 2: Go to the ‘e-File’ Section
Once you have logged in to the portal, go to the ‘e-File’ section on the dashboard.
Step 3: Click on ‘Income Tax Forms’
In the ‘e-File’ section, click on ‘Income Tax Forms’. This will take you to a page where you can select the form that you want to file.
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Step 4: Select Form 10E
In the ‘Income Tax Forms’ section, select Form 10E from the list of forms displayed on the page.
Step 5: Fill in the Required Details
After selecting Form 10E, you will be directed to a page where you must fill in the required details. These details include your name, PAN number, assessment year, and the details of arrears or past year’s salary received. Double-check all the information you have entered to ensure that it is accurate and complete.
Step 6: Upload Supporting Documents
After filling in the required details, you must upload supporting documents such as Form 16, Form 26AS, and any other relevant documents supporting your claim for a deduction under Section 89 of the Income Tax Act. Ensure you have scanned copies of all the necessary documents before starting the filing process.
Step 7: Submit the Form
Once you have filled in all the required details and uploaded the supporting documents, you can submit the form. After submitting the form, you will receive an acknowledgement on the portal.
Points to Remember While Filing Form 10E
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File Form 10E Before Filing your Income Tax Returns
It is essential to file 10 e income tax form before filing your income tax returns. Filing this form will help you claim a deduction for arrears or past year’s salary received in the current financial year. Failure to file this form can result in a higher tax liability.
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Provide Accurate Information
Make sure to provide accurate information while filling out 10 e income tax form. Only correct information can lead to complications and may result in penalties or legal consequences.
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Keep Supporting Documents Ready
It is important to keep all supporting documents ready before starting the filing process. These documents will help you substantiate your claim for a deduction under Section 89 of the Income Tax Act.
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Use the New Income Tax Portal
The new income tax portal is designed to provide a user-friendly experience to taxpayers. You should use this portal to file 10 e income tax form as it is more streamlined and efficient than the older portal.
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Keep Track of Deadlines
Make sure to keep track of the deadline for filing 10 e income tax form. The form must be filed before the due date of filing your income tax returns.
Conclusion
Filing Form 10E is an important step in claiming a deduction for arrears or past year’s salary received in the current financial year. With the new income tax portal, the process of filing this form has become more streamlined and efficient. Ensure to provide accurate information and prepare all supporting documents before starting the filing process. Using the 10 e income tax form will make the process much easier and more convenient. Lastly, keep track of the deadlines and file Form 10E before filing your income tax returns to avoid complications or penalties.
Vakilsearch is an online platform that offers legal and tax-related services in India. We can assist you in filing 10 e income tax form portal and ensure the process is hassle-free and error-free. Our team of experts can guide you through the entire process and ensure all necessary documents are in place before filing. We can also help you with other tax-related services, such as filing income tax returns, planning, and compliance. With Vakilsearch, you can be assured of a hassle-free and reliable experience.
