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The assessee has complained about the technical issues with the Income-tax return portal, with the approaching last date to furnish the ITR for the FY 2020-21 (AY21-22)  31st Dec is the last date to file ITR for AY21-22 . The Union government has postponed the due date for filing of an income tax return to 31st Dec from 31st July formerly in the year.  But the assessee has asked for the extension of the last date as they complained that the tax filing portal was not running correctly and the same is happening again and again.  On Twitter India #Extend_Due_Date_ has begun trending as various users asked the government to prolonge the last date by a few days.  "Is 31st December an extended due date for Software Developer or Taxpayer as Taxpayer has got much lesser time than the one prescribed? Therefore the message should be '31st December is the extended due date for Developer but not Taxpayer'," said a user of Twitter. Is 31st December an extended due date for Softwa...

Nowadays everything is present on the online web portals. One would apply for valid ID proof and would furnish his/her ITR online.  Yes, one would read and write it Now every assessee who is subjected to furnish the tax would practice their DSC to furnish the ITR. The same has enabled the submission process of returns easier and diminishes the probabilities of getting fooled and theft from the brokers. So as to furnish or e-file the ITR on the new 2.0 portal the assessee must attach a digital signature of themselves towards the income tax filing to the tax return document so that the council could verify the same.  Indeed as per the IT act, 2000 digital signatures have reached a similar value as of the regular signature. Furthermore the same is simple to verify and authenticate the digitally signed documents securely. Towards Income Tax E-filing Use The Digital Signature  Before that, if any of the assessees have chosen to furnish the ITR then it is essential for him to ...

If anyone wants to furnish his ITR online then he or she is required to go with the new portal of the income tax department i.e www.incometax.gov.in/. However one needs to enroll on the e-filing portal before logging in to your account.  Below will be the discussion upon the procedure to log in to the e-fling portal. What is The Method to Log in to The E-filing Portal? Several ways induced to log in to the portal: As per the tax department, there are 14 methods. An assessee can log in through different methods like using Aadhaar OTP, Net Banking, Static password, including some additional methods. Below is the procedure to log in to the income tax e-filing portal through the mobile number or email address. What is The Method to Login Login Method  Credentials to be Entered OTP on Registered Mobile / email ID User ID (PAN) & Password Aadhaar OTP (including the case where e-Filing vault option is enabled) User ID (PAN) Aadhaar Number (Only for Individual taxpayers) User ID...

The latest begun Annual Information Statement (AIS) tool gives the assessee the details which the tax council revealed about him. AIS is an extensive statement that poses the information about all the transactions concerned to the financial aspects that have been performed by the assessee towards the fiscal year and pose details which have been mentioned beneath the income tax act 1961.  AIS points to the details concerned with the income earned from several sources like salary, interest from a savings account, dividend, sale and purchase of equity shares, recurring deposits, bonds, mutual funds, and others. The Statement poses the details concerned to the preparing e-TDS or TCS returns along with the additional tax demand/refund. Below is the process to download the AIS from the e-filing website. Steps to Download AIS Via New Income Tax Portal Step 1: Login into your account on the government's e-filing portal at www.incometax.gov.in. Step 2: Beneath the 'Services' tab, ...

The CBIC official department has declared earlier that the filing of GSTR -3B summary form and GSTR - 1 sales form or IFF by organizations using the  Electronic Verification Code (EVC) feature, instead of Digital Signature Certificates (DSC) has been moreover forwarded till the 31st October 2021 for the span from 27th April 2021 to 31st August 2021. According to the circular of CBIC, the closing date extension of the late fee reprieve scheme and extension of the time limit for filing a revocation application for cancellation registration will profit a massive number of taxpayers, mainly small taxpayers who could not e-file their GST returns in time because of multiple reasons, primarily due to complexities caused by COVID-19, and whose GST registrations were canceled because of the same. Taxpayers are asked to aid the main benefit of these latest extensions at the earliest to decline the last-minute rush.  What Does GSTR -1 Mean? GSTR -1 is known for monthly or quarterly retu...

Infosys, an IT company, considers that there are some individuals who are facing issues in accessing the income tax portal and specified that the portal is misbehaving while running, integrating within the Revenue Tax Division, to improvise the platform for the users.  While filing in BSE Infosys directed that there are nearly about 3 crores assessee who have successfully filed their essential transactions and approximately 1.5 crore income-tax returns were furnished via the new portal.  The company from Bengaluru had been criticized for the arrival problems from various months after the beginning of the portal in June, it also states that it sees revisions in its use towards a previous couple of weeks and exceeding 3 cr assessee have logged in to the portal and furnished various transactions successfully. IT Services Available on 2.0 Portal E-verification Option: Aadhaar OTP authentication is mostly used in e-verification. The Electronic Verification Code is a 10-digit alph...

Introduction On 7th June 2021 new Income Tax Portal was introduced by CBDT ( Central Board of Direct Tax ) where the new income tax portal i.e ‘ www.incometax.gov.in ’ has been renewed by the former e- filing portal i.e ‘www.incometaxindiaefiling.gov.in ‘. The particular one who wants to file the returns has to file returns on this new portal afterward. The new portal has been renewed to eliminate glitches and other errors so that it will work smoothly in a filing. Traits of New Income Tax E-filing Portal Processing of ITR:   This is considered as the fastest processing of income tax returns which assists the taxpayers for immediate responses of tax filing. Meanwhile, the process of filing of income tax returns on this portal quickly initiates the process of the returns and it also delivers fast refunds to the taxpayers.  Free Tax Return Preparation Software:   Apparently, there are  ITR-1 and ITR-4 which are conveniently online and offline, and ITR-2 which is free ...