Financial News

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

Products You May Like

New e-filing portalThe 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 ( 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 tomorrow (seventh June, 2021). It is going to present comfort and a “trendy, seamless expertise” to taxpayers.

Associated Information

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.

ALSO READ | Not filing Income Tax Return? You may have to pay double TDS from next month – Here’s why

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.

Get reside Stock Prices from BSE, NSE, US Market and newest NAV, portfolio of Mutual Funds, Take a look at newest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and observe us on Twitter.

Monetary Categorical is now on Telegram. Click here to join our channel and keep up to date with the most recent Biz information and updates.

Products You May Like