Skip to main content

New Payment Option & Mobile App: Know Benefits of New e-Filing Portal

All Benefits of Income Tax Return E-filing Site

The ITR filing mechanism has been put on hold till June 6  amidst the designing of the new e-filing web portal of the income tax department and shall soon start from June 7 onwards. The income-tax filing  process on the web portal incometaxindiaefiling.gov.in was paused from midnight of May 31, 2021, after scrapping the e-filing web portal. The link to the website is Incometax.gov.in, incometaxindiaefiling.gov.in

“Considering the overhaul and migration or transition of existing e-filing portal to a completely different platform, a blackout period for the usage of the existing portal has been announced by the Government from 1 June 2021 to 6 June 2021 during which the existing income tax portal would not be available for usage to the taxpayers. In order to avoid any inconvenience to taxpayers, the Revenue Department has issued directions to fix any hearing of cases or compliance only from 10 June 2021 onward. This would give the taxpayers the necessary time to respond well to the new system. Also, If any hearing or compliance which requires submissions online falls during such period, the same shall either be preponed or adjourned and the work items would be rescheduled after the said period,” commented  Dr. Suresh Surana, founder, RSM India.

New and Unique Selling Proposition of The New Website

“The new e-filing site is intended to provide the users with convenience and a modern seamless experience by way of providing a number of tech-savvy benefits to its users,” said Dr. Surana.

As Per The Think Tank, The New E-filing Site Shall Provide The Following Advantages:

  • Mobile Application
A mobile app shall be enabled now that shall facilitate all significant portal functions for 24*7  access on the mobile network. All the significant functions of this portal that are available on the desktop shall be accessible on the mobile app. In the present mechanism, no mobile app activities were available.
  • Interactive ITR Preparation Software
The taxpayers shall be provided the privilege of accessing free offline and online ITR preparation software. The aforesaid taxpayer-friendly software shall be highly interactive that shall assist taxpayers (even a layman) in pre-filling the returns along with minimizing data entry effort in filing their ITRs.
  • Immediate Processing of ITR
The latest e-filing portal shall be integrated with the immediate processing of Income Tax Returns. Consequently, this shall make it possible to issue quick refunds to the taxpayers.
  • New Dashboard
Now, there shall be a single common dashboard for the latest e-filing portal. The dashboard shall show all interactions, uploads, or pending actions for adopting the follow-up procedure by the taxpayer.
  • New Set up of the Call Center
In the call center, various facilities are accessible like a call center, chatbot, videos, tutorials, and so on have been included in the site to address taxpayers’ queries. There shall be the additional facility of addressing FAQ’s of taxpayers.

New Online Tax Payment Mechanism

To ensure easy, secure, and fast payments, the latest income tax returns website shall also have a new online payment system with multiple payment options like 
  • Net banking, 
  • credit card, 
  • UPI, and 
  • RTGS or NEFT from any account of the taxpayer in any bank as compared to the present system which only has the facility of  UPI, Credit Card allowance for the payment of taxes.

Comments

Popular posts from this blog

Check Summary of 2023 MCA Amnesty Scheme for LLP e-Forms

The discussion shall take place for "Latest Amnesty Scheme introduced by MCA in relation to Limited Liability Partnership". A General Circular No 08/2023 Dated: 23rd August 2023- Subject- Condonation of Delay in filing of Form-3, Form 4, Form 11 u/s 68 of LLP Act, 2008 is been issued by the MCA.  MCA has acknowledged that they've received numerous complaints regarding technical glitches on their website and discrepancies in the master data. These issues have prevented Limited Liability Partnerships (LLPs) from submitting the LLP-3, LLP-4, and LLP-11. In order to facilitate a more business-friendly environment, the MCA is utilizing its authority under Section 67 of the LLP Act, 2008. They have decided to grant a one-time relaxation in additional fees and any related penalties for delayed filing of the aforementioned three forms, as elaborated in this article. However, one aspect of this initiative raises some confusion. Why hasn't the MCA included Form LLP 8 in this a

All Special Features of Gen I-T Software with Downloading Steps

Gen IT is one of the income tax software created by professionals from SAG Infotech Pvt. Ltd. This software helps to compute Income Tax, Interest Calculations, Advance and Self Assessment Tax. The software is created with high quality-perfection to prepare returns. It also provides e-filing to upload returns with the help of the software. This software is proficient in calculating Income Tax, Advance, Interest Calculations, and Self Assessment Tax. The quality of the software is very high as the returns are prepared by it. The software provides the facility to file and upload returns. Also, there are simple steps to download the free download Gen IT software for the trial version. To complete the processes, the Gen Income Tax returns filing software has 2 different sections which include - Client Manager, Income Tax, Billing, AIR, Calculator, Backup/Restore, Password and Printer Settings, Bulk SMS/E-Mail and Help. These operations are explained briefly below- 1. Client Mana

All About Advance Tax Payment Rule Under IT Act, 1961

A tax expert answers the question- ‘the requirements of advance tax provisions under the Income-tax Act 1961’. Advance tax, as the name itself indicates that the tax paid by individuals in the financial year when the corresponding income is earned, rather than in the assessment year when the income is assessed for taxation purposes. This payment is calculated based on the consolidated income earned and expected to be earned from various sources, such as salary, rent, interest, and more. It takes into account applicable deductions, exemptions, and credits for taxes deducted at source (TDS) or taxes collected at source (TCS). According to section 208 of the Income Tax Act, 1961, individuals whose estimated tax liability for the year amounts to Rs. 10,000 or more are required to pay advance tax. However, senior citizens aged 60 years or above who are residents and do not earn any income from business or profession are exempt from paying advance tax. Typically, advance tax payments are ma