Introduction and Key Features of the New Income Tax e-Filing Portal

PRESS RELEASE
Published July 31, 2023

Introduction

Governments worldwide are utilizing technology to streamline procedures and improve citizen services in the digital age. The Income Tax Department of India has undertaken this project by launching a new and enhanced income tax system: e-filing 2.0, providing taxpayers with a more user-friendly and effective platform for e filing of income tax return. Here is all the information you need about the new Income Tax e-Filing service, which aims to make filing taxes more accessible and convenient.

What is the New Income Tax Filing?

The Indian Income Tax Department unveiled a new website for filing income tax returns on June 7th, 2021. The newly launched website is built to enhance speed, accuracy, convenience, and usage. The taxpayers must log in to this Income Tax Department website to file their returns online.

Key Features of New Income Tax Filing Portal

With new technology comes new features, which is the case with the income tax filing portal. Compared to the old one, this portal is much more user-friendly and offers many other advantages. Here are some that you should know:

1. Payment Options

In the new portal, the government has introduced different payment options for taxpayers. With the Indian government focusing on and emphasizing the digital world, adding more than one payment option will support the taxpayers.

2. Assistance and Support

People often need help with e-filing of income tax, leading to making mistakes. Therefore, the government has also added videos and user manuals on the 2.0 e-filing portal to assist taxpayers during tax filing.

The portal also offers interactive tax calculators and thorough Frequently Asked Questions (FAQs) to help taxpayers understand complex rules and tax calculations. These resources give taxpayers the information they need to make wise decisions.

3. User-Friendly

The new e-filing of income tax portal has a simple and up-to-date user interface, making it more straightforward for taxpayers to move between areas and complete the income tax return filing process. Taxpayers can get the necessary information and services more quickly with a user-centric design.

4. Safe and Secure

The new portal ensures strong data encryption and security safeguards to protect taxpayer information because security is paramount. Thanks to multi-factor authentication and cutting-edge security mechanisms, taxpayers may be sure that their data is secure.

5. Access to Previous Returns

The portal makes it simple for taxpayers to retrieve their tax returns and documents from the prior year. This feature makes it easier to file subsequent returns and allows for rapid reference. In addition, the government has also introduced wizard-based assistance for ITR selection and also for already filed ITRs.

6. Mobile-Friendly

The new 2.0 e-filing portal has been tailored for mobile responsiveness in light of the rising popularity of mobile devices. Now taxpayers can access the portal from their smartphones and tablets. They can now easily file their taxes on the go. The portal is supportive on both Android and iOS platforms.

7. Easy to File ITR

The 2.0 e-filing portal presents a better method for preparing Income Tax Returns (ITRs), which is more accessible and takes less time for taxpayers. It offers step-by-step instructions, assisting customers in precisely filling out their ITRs and lowering the likelihood of mistakes.

8. Immediate Return Processing

The Indian government has now reduced the time for people to wait for their income tax returns. The new portal is not only user-friendly but is also integrated with instant income tax return processing. It helps issue a quick refund to the taxpayers and solves the problem of waiting for the tax returns.

9. Free ITR Preparation

The new e-filing portal emphasizes providing a majority of its services free of cost to taxpayers. It includes preparing and submitting ITR forms 1, 2, and 4. The government also plans to launch the same services for forms 3, 5, 6, and 7.

To Conclude

A significant step has been taken toward improving taxpayers’ efficiency, convenience, and data security with the launch of the new Income Tax e-filing platform. This 2.0 e-filing portal enables taxpayers to easily file their income tax returns with the help of its user-friendly layout and mobile friendliness. Furthermore, the government’s dedication to streamlining tax compliance and establishing a taxpayer-friendly environment is seen in the emphasis on free services, real-time tracking, and thorough instruction.

CDN Newswire