Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
The Income Tax department is set to launch a new ITR filing portal on June 7, 2021. This new e-filing portal is expected to be more user friendly. It could be another measure by the department to ensure ease of compliance to its taxpayers. Let’s know more about this development.
An e-filing portal is used by taxpayers to file their individual or business category income tax returns and is also used by them to raise complaints seeking refunds and other services with the tax department.
The taxman uses it for issuing notices, receiving responses from the taxpayer and respond to their queries and also declare final orders such as assessments, appeals, exemption, penalties etc.
The new e-filing portal is aimed at providing taxpayers convenience and a modern and a seamless experience to them. It can be used to file routine ITRs and perform other tax related works.
It may be noted that the current web portal will be shut for six days period, which means from June 1 till June 6. An order issued by the systems wing of the department stated that the transition from the old portal (www.Incometaxindiaefiling.gov.in) to the new portal (www.incometaxgov.in) would be finished and made operational from June 7.
The order stated that in preparation of the launch and for migration activities, the current portal won’t be available for a brief period, and it will not be available for both taxpayers and the Income Tax Department officers as well during the said period.
The order further advised that all officers to be directed to fix any hearing or compliances only from 10th June onwards so that taxpayers get time to respond to the new system.
The main features of the new e-filing portal are as follows:
The new ITR filing portal offers the following benefits:
It is expected that ITRs filed will travel faster to the central processing centre, and taxpayers would receive intimations quickly and subsequently, refunds would be generated promptly as well.
The new portal is expected to have a user friendly and improved dashboard that would display actions to be acted upon by the taxpayer. It will remind the taxpayer regarding the compliances required from him, thus prompting them to complete the compliances.
Pre-filled tax returns based on the data from previous years, along with elaborate instructions, can help taxpayers to file the form without any hassle.
During the period in which the existing income tax portal will not be operational and available (June 1 to 6), the income tax department shall not fix any compliance dates so that taxpayers are not at inconvenience. The new ITR filing portal shall be launched from June 7, 2021, and the hearing of cases or compliances shall be fixed from June 10 onwards so that taxpayers can get familiar with the portal’s new system.
Read our article: Submit response in the e-compliance portal for Income Tax queries
Are your GAIL India Limited shares now eligible for transfer to the IEPF Authority, or have the...
India's financial sector is changing due to advancements in technology and new regulations. GIF...
The Indian startup ecosystem, which is the third-largest in the world, is expected to become a...
India's startup ecosystem has recently experienced a rapid rise as a global powerhouse. Several...
In the Union Budget 2024, Finance Minister Nirmala Sitharaman announced several changes to the...
Are you human?: 9 + 1 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
Cash transactions are highly discouraged in India due to the amount of tax evasion that takes place. The government...
05 Jun, 2024
The Central Board of Direct Taxes (CBDT) has notified a new ITR form for the Assessment Year 2022-23. The new ITR f...
26 Apr, 2022