Income Tax Return: After May 31 you have to wait for new e-filing site; know what’s in store

From June 1, you need to look ahead to the launch of the brand new e-filing web site, which is scheduled on June 6, 2021.

If you’re able to file your Earnings Tax Return (ITR), you might file the return of earnings within the present earnings tax India e-filing web site until Could 31, 2021. After that, from June 1, you need to look ahead to the launch of the brand new e-filing web site – incometaxindia.gov.in – which is scheduled on June 6, 2021.

So, what’s in retailer for the taxpayers on the upcoming earnings tax e-filing web site?

“Proposed new earnings tax web site could have the capabilities to course of the earnings tax return instantly on submitting of the identical, leading to speedy processing of earnings tax refunds to the taxpayers. Along with that, it has a number of taxpayer pleasant options together with tax tutorials, Dwell Chat choices, single net web page for all taxpayers associated providers, fee of taxes by Bank cards, UPI, and so forth,” says CA Geetanshu Bhalla, Director at The Digital Compliance.

What was the necessity of a brand new web site?

“Final yr our Prime Minister Narendra Modi introduced the creation of a tax pleasant surroundings. The agenda of such an announcement contains granting of earnings tax refunds to the taxpayers on an actual time foundation, decreasing the tax compliance price and offering professional steering to the taxpayers by the division itself. The design of the present web site doesn’t permit to include such options. Thus, a brand new web site is proposed by the Earnings Tax Division,” says Bhalla.

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Stating {that a} new web site would create confusion, CA Karan Batra, Founder and CEO of CharteredClub.com, nonetheless, says “There is no such thing as a level having so many separate web sites. The present e-filing web site – incometaxindiaefiling.gov.in – and the proposed web site – incometaxindia.gov.in – ought to ideally be merged and the interface must be made extra person pleasant.”

What shall be some great benefits of a brand new web site over the present one?

“Permitting the fee of earnings tax by way of, bank card, UPI, and so forth, processing of earnings tax return on actual time foundation, Single net web page for all taxpayers’ associated points, on-line and offline return preparation software program at freed from price are few of the reduction supplied to the taxpayers by means of proposed new web site,” says Bhalla.