How to prepare and file ITR completely online

 

The Online eBIRForms System is a filing infrastructure that accepts tax returns submitted online and automatically computes penalties for tax returns submitted beyond due date. The System creates secure user accounts for taxpayers, ATAs and Tax Software Providers (TSPs) for use of the online System, and allows ATAs to file on behalf of their clients. The System also has a facility for TSPs to.

A minimum wage earner or an individual who is exempt from income tax.

What is ITR?

The Online eBIRForms System is a filing infrastructure that accepts tax returns submitted online and automatically computes penalties for tax returns submitted beyond due date. The System creates secure user accounts for taxpayers, ATAs and Tax Software Providers (TSPs) for use of the online System, and allows ATAs to file on behalf of their clients. The System also has a facility for TSPs to.

To be filed with the RDO having jurisdiction over the place where the property being transferred is located. This return is filed by a natural or juridical person, resident or non-resident, who is not exempt under existing laws for the sale, barter, exchange or other onerous disposition intended to transfer ownership of shares of stocks in domestic corporation classified as capital assets, not traded through the local stock exchange.

This return is filed by every natural or juridical person, resident or non-resident, who is not exempt under existing laws for sale, barter, exchange or other disposition of shares of stock in a domestic corporation, classified as capital assets, not traded through the local stock exchange. A minimum wage earner or an individual who is exempt from income tax.

Filing Date This return is filed on or before April 15 of each year covering income for the preceding taxable year. This return shall be filed by the following individuals regardless of amount of gross income: Filing Date This return is filed on or before the 15th day of the 4th month following the close of the taxpayer's taxable year. Filing Date This return is filed, with or without payment, on or before the 15th day of the 4th month following the close of the taxpayer's taxable year.

Filing Date This return is filed, with or without payment, on or before the 15th day of the 4th month following close of the taxpayer's taxable year. Filing Date The corporate quarterly income tax return shall be filed with or without payment within sixty 60 days following the close of each of the first three 3 quarters of the taxable year whether calendar or fiscal year.

Filing Date This information return is filed not later than the April 15 of the year following the taxable year in which the income was earned.

Filing Date The return shall be filed within 15 days after the close of the year immediately succeeding taxpayer's covered taxable year. However, filing of the return is no longer required when the real property transaction involves the following: Filing Date - Filed within thirty 30 days following each sale, exchange or disposition of real property - In case of installment sale, the return shall be filed within thirty 30 days following the receipt of the 1st downpayment and within thirty 30 days following each subsequent installment payment - One return is filed for every transfer document regardless of the number of each property sold, exchanged or disposed of.

Filing Date - Filed within thirty 30 days after each cash sale, barter, exchange or other disposition of shares of stock not traded through the local stock exchange. Filing Date - For individual taxpayers, this final consolidated return is filed on or before April 15 of each year covering all stock transactions of the preceding taxable year. All content is public domain unless otherwise stated. Legislative Senate of the Philippines House of Representatives.

List of Authorized Agent Banks. Taxpayer Bill of Rights. Quarterly Income Tax Return for Corporations, Partnerships and Other Non-Individual Taxpayers Description This return is filed quarterly by every corporation, partnership, joint stock companies, joint accounts, associations except foreign corporation not engaged in trade or business in the Philippines and joint venture or consortium formed for the purpose of undertaking construction projects or engaging in petroleum, coal, geothermal and other energy operations , government-owned or controlled corporations, agencies and instrumentalities.

Improperly Accumulated Earnings Tax Return Description This form is to be filed by every domestic corporation classified as closely-held corporation except banks and other non-bank financial intermediaries, insurance companies, taxable partnerships, general professional partnerships, non- taxable joint ventures and enterprises duly registered with the Philippine Economic Zone Authority PEZA under R.

Capital Gains Tax Return for Onerous Transfer of Real Property Classified as Capital Asset both Taxable and Exempt Description This return is filed by all persons natural or juridical whether resident or non-resident, including Estates and Trusts, who sells, exchanges, or disposes of a real property located in the Philippines classified as capital asset as defined under Sec.

Capital Gains Tax Return for Onerous Transfer of Shares of Stocks Not Traded Through the Local Stock Exchange Description This return is filed by a natural or juridical person, resident or non-resident, who is not exempt under existing laws for the sale, barter, exchange or other onerous disposition intended to transfer ownership of shares of stocks in domestic corporation classified as capital assets, not traded through the local stock exchange.

Annual Capital Gains Tax Return for Onerous Transfer of Shares of Stock Not Traded Through the Local Stock Exchange Description This return is filed by every natural or juridical person, resident or non-resident, who is not exempt under existing laws for sale, barter, exchange or other disposition of shares of stock in a domestic corporation, classified as capital assets, not traded through the local stock exchange.

Other types of Income from Other Sources include: Fill on the relevant details in Column No. Once you fill in all the relevant columns in the Deductions as per your Income Tax computation sheet and total deductions and Taxable Total Income will now be displayed.

Tax computation will be automatically done and the Total Tax and Interest will be shown in Column No. Click Save Draft and click the next arrow button. You need to fill only your Bank account details here. If you ate filing for AY , it will also ask you to enter amount of cash deposited during the demonetization period November 09, to December 30, if it is in excess of Rs. Proceed to the next tab. Now that you have entered all the data which is required, double-check each and every filed you entered and cross check with the computation sheet that you have ready with you.

ITNS e-Payment form will open up. Click Submit to the Bank. Here I am using State Bank of India. Now save a copy of the receipt Please note that if you trying to e-Pay the Tax after the working hours, the same payment will be put through the next working day at You are good to go now.

However, it is not done yet. One last and very important step is to e-Verify your return. Your E-filing is done. Once you have submitted your ITR, please download a copy of the Acknowledgment and a copy of the ITR and keep it with you for future reference.

Notify me of follow-up comments by email. Notify me of new posts by email. Things to keep ready: Income Tax computation sheet showing your total income from salary, Income from House property if any , etc. Taxes paid details, TDS deducted etc.