New e-filing website Live tomorrow: You will get free Income Tax Return software for Forms ITR-1, 2, 4

The e-filing portal is utilized by the taxpayers to file their revenue tax returns (ITRs) and in addition to lift complaints looking for refunds.

New e-filing web site (www.incometax.gov.in) launch:  Together with the launch of the brand new e-filing portal, the Revenue Tax Division may even present freed from price ITR preparation software program for Varieties ITR-1, ITR-2 this month. In an announcement, the Ministry of Finance stated, “Freed from price ITR preparation software program accessible with interactive questions to assist taxpayers for ITRs 1, 4 (on-line and offline) and ITR 2 (offline) to start with; Facility for preparation of ITRs 3, 5, 6, 7 shall be made accessible shortly.”

The Revenue Tax Division will launch its new e-filing portal www.incometax.gov.in tomorrow (seventh June, 2021). It is going to present comfort and a “trendy, seamless expertise” to taxpayers.

New Tax Fee System Launch Date

The Ministry of Finance stated that the brand new tax cost system shall be launched on June 18, 2021 after the advance tax instalment date to keep away from any taxpayer inconvenience. A mobile app may even be launched after the preliminary launch of the w-filing portal. The app will allow taxpayers to get acquainted with varied options.

“Familiarization with the brand new system might take a while, so, the Division requests the endurance of all taxpayers/stakeholders for the preliminary interval after the launch of the brand new portal and whereas different functionalities get launched since this can be a main transition. That is one other initiative by CBDT in the direction of offering ease of compliance to its taxpayers and different stakeholders,” the Ministry stated.

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New e-filing portal highlights

• Rapid processing of Revenue Tax Returns (ITRs) to situation fast refunds to taxpayers
• Single dashboard to show all interactions and uploads or pending actions for follow-up motion by taxpayer;
• Taxpayers can proactively replace their profile to supply particulars of revenue together with wage, home property, enterprise/career which shall be utilized in pre-filling their ITR.
• The detailed enablement of pre-filling with wage revenue, curiosity, dividend and capital positive aspects shall be accessible after TDS and SFT statements are uploaded (due date is June thirtieth, 2021)
• New name heart for taxpayer help for promt response to taxpayer queries.
• Detailed FAQs, Consumer Manuals, Movies and chatbot/reside agent additionally offered;
• Functionalities for submitting Revenue Tax Varieties, Add tax professionals, Submit responses to Notices in Faceless Scrutiny or Appeals can be accessible.