After you fill up your income tax return forms, the last section asks for Verification. The statement reads as:
I, (full name in block letters), son/ daughter of solemnly declare that to the best of my knowledge and belief, the information given in the return and the schedules thereto is correct and complete and is in accordance with the provisions of the Income-tax Act, 1961.
I further declare that I am making returns in my capacity as and I am also competent to make this return and verify it. Many tax payers are confused on what should the enter in my capacity as?
The problem is income tax department has left the form open ended although there are just a few options that can go here. Ideally, they should have provided with drop down options. The capacity depends on the person signing and verifying the ITR and can be as follows:
Here are some posts which can help you with e-filing of Income Tax Return:
I hope this resolves the doubt about what to fill in the my capacity as in the ITR Forms.
Everyone hates paying taxes and always are on lookout for Options to Save Tax. However…
Are you worried and confused about Lien amount in SBI? Well you are not alone.…
Get details of latest Sovereign Gold Bond Price, Issue details, taxation and how to invest.…
Download the Excel based Income Tax Calculator India for FY 2020-21 (AY 2021-22). This compares…
Piramal Capital & Housing Finance, has come out with Piramal Capital & Housing Finance Ltd…
IIFL Home Loan, the Housing Finance company from IIFL Group has come out with IIFL…
View Comments
I have tried all the options but the XML fails to upload because of the error in this field. it is not accepting any value and I am stuck up. Please help.
I was also facing same issue.
Download the excel new utility PR4 from income tax website. Earlier excel utility had a problem that it always converted the value entered in capacity to capitals whereas income tax website expects "Self" word. New utility has dropdown so you will be able to generate XML with this change and upload.
Also there is option in excel utility to import from previous version which you can use to import your details from PR3 version to PR4 which will save your time for reentry.
Thank you very much for the information.