STEPS TO FILE FORM 10E
The Income Tax Department has made it mandatory to file Form 10E if you want to claim relief under Section 89(1). As per Section 89(1), tax relief is provided by recalculating tax for both the years i.e the year in which arrears are received and the year to which the arrears pertain.
This form is mandatory to be submitted by those salaried persons and recipients of a family pension who are in receipt of arrears of salary or family pension which was otherwise taxable in earlier years but since it was determined and received in later years and hence became taxable in the later year/s.
You should file form 10E before you file your IT returns.
Many taxpayers are confused about which assessment year to choose while filing Form 10E. Arrears may pertain to earlier years, however, one has to choose the assessment year in which arrears have been received. For example, if arrears are received in financial year FY 2017-18, choose assessment year as AY 2018-19.
Form 10E has to be submitted online and no copy is required to be attached to your tax return. However, you must file and keep all documents safely in your records.
In this article, the easiest way of filing the form 10E is explained.
Steps to file Form 10E:
1. Log in to the website www.incometaxefiling.gov.in Enter your user ID which is your PAN and the password should be set by you.
2. After you are logged in you will see different tabs with drop-down arrow signs in blue color. Click on ‘e-File’ and then ‘Income Tax Forms’ as shown below.
3. After you finish selecting IT forms, the selection screen will appear where you have to select different parameters from the drop-down. Please select, Form 10E, your relevant assessment year for which I-T Return is to be filed.
Choose to prepare and submit an online option in the last tab.
4. Fill in the information in the forms on blue tabs as below.
5. Once the information is correctly filled, please preview before you submit so that mistakes can be avoided. After you are sure that everything is filled in correctly, then click on submit.
For any further queries, you can connect us at LegalSuvidha our professionals will help you and support you to file your form 10 E.
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