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The Income Tax department on June 7, 2021, launched its new e-filing portal www.incometax.gov.in. This new portal aims to provide convenience and a modern, seamless experience to taxpayers. However, many technical glitches have been reported by taxpayer ever since its launch. The ICAI also made a presentation on all the reported issues and presented during a meeting with finance ministry officials and Infosys representatives.
The new e-filing portal has many features and benefits, some of them are immediate processing of income tax returns (ITRs); all-in-one dashboard to observed interactions and uploads or pending actions; the seamless way to update their profile; more detailed helpful content for taxpayers; Function to file Income Tax Forms, Add tax professionals, Submit responses to Notices in Faceless Scrutiny or Appeals. Check the news and articles below to know the latest update about the new e-filing portal.
The income tax department has mentioned the latest Income tax return forms for the assessment year 2022-23. The assessee needs to show the pension source, interest received from the EPF account, date of purchase or sale of land, and additional things. Below is the list of 6 additional things which taxpayers need to save before […]
CBDT reported the ITR forms for the AY 2022-23, with respect to FY 2021-22. But the applicability of the ITR forms for the various assessee who comes in distinct slabs does not amend, attention has been on some of the amendment. Foreign Assets Reporting Under Income Tax The schedule for FA needs to report the […]
The income tax portal 2.0 is a user-friendly model of the original website. The same has the advantageous upgrades concerned to the ITR filing and the management. The process is smoother to manage and the platform furnished various levels of services related to tax in the new version. The effective specification of the e-portal comprises: […]
Form 10B is to get filed via trust or institution that holds the enrollment u/s 12A or who submits an application for enrollment via furnishing of the Form 10A. Form 10B poses an audit report that is furnished by a CA on the assessee’s nomination. Income tax form 10B would be accessed and submitted online […]
The appeal has been refused by the Rajasthan high court towards the elimination of the issues in the income tax portal. The PIL furnished via the tax bar association of Jodhpur states various issues by taxpayers towards the errors in the portal of the income tax department. The extension of the time limit is important […]
For any taxpayer, it is essential to find out that all your personal information on the tax filing portal is updated. There might have done a revision in your name, address, mobile number, etc. An assessee is urged to update/ modify the profile information on the new ITR portal to ensure that the essential communication […]
What is the Method to Manual Check Bulk PAN/TAN Service? The validation of the Bulk PAN or TAN service is available to external firms. The external firms consist of the Union and State Govt Departments or undertakings, RBI-approved Banks, recognized autonomous bodies and Financial Institutions. Upon its enrollment as an external agency on the income […]
The Central Board of Direct Taxes (CBDT) has recently enabled the tax audit utility for taxpayers to file Tax Audit Reports (TARs) for the assessment year 2021-22. Income tax rules require certain taxpayers to get their accounts audited as per section 44AB. The limit was Rs 1 crore for tax audit before but now it […]
The issues which negatively influence the e-filing portal of the income tax department are now solved and the performance of the portal is now stable, the Central Board of Direct Taxes pointed out. The portal has a receipt with an additional 2 cr ITR dated 13th Oct commented by CBDT. The revised portal i.e www.incometax.gov.in […]