(Also Read: How To File Income Tax Returns In Three Steps By March 31, 2018)
Income tax returns cannot be filed without a permanent account number (PAN), a ten-digit alphanumeric number, issued in the form of a laminated card, by the income tax department.
The login portal via which you can file your income tax returns is http://incometaxindiaefiling.gov.in, said the income tax department on its twitter handle @incometaxindia.
(Also Read: Advance Income Tax Payment For FY18: Last Date, Details, Mode Of Payment)
Persons mandatorily required to file income tax returns:
All companies, partnership firms, limited liability partnership or LLPs
(Also Read: Things You Should Know Before Filing Your Income Tax Returns)
(Also Read: A Step-By-Step Guide To Store Permanent Account Number (PAN) With DigiLocker)
Individuals and Hindu undivided families (HUFs) having income more than Rs 2.5 lakh [for senior citizens Rs 3 lakh, (age 60 years up to 80 years) and Rs 5 lakh (80 years or more)]
(Also Read: 10 Latest Details On Filing Of Income Tax Returns)
The income tax department also cautioned taxpayers who had deposited huge amounts of cash in their bank accounts/made high value transactions of considering the same while filing their income tax returns. Non-filing or incorrect filing of return of income may result in penalty and prosecution, said the income tax department.
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