What is the problem with new income tax portal?

What is the problem with new income tax portal?

Users (like DIY tax filers, charted accountants) of the website have complained about incomplete/wrong data related to previous year ITR filing, the portal being slow, non-availability of various income tax related forms for compliances etc. Many took to social media to complain about the issues they were facing.

What are some of the challenges in filling out a tax return?

Selecting the Incorrect Form.

  • Quoting the Wrong Assessment Year.
  • Furnishing Incorrect Personal Information.
  • No need to file returns if tax has been deducted.
  • If tax is deducted on interest income, it need not be reported in ITR.
  • Not Disclosing All the Sources of Income.
  • Entering the correct details manually.

    • Is the new income tax portal working properly?

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    The Income Tax portal has started functioning properly, as over 90 percent of the issues have been resolved, sources told CNBC-TV18. Over 2.25 crore income tax returns (ITRs) in the financial year 2021-22 were filed on the Income Tax e-filing portal as of October 28, 2021.

    Who is developing new income tax portal?

    Infosys
    Infosys remains committed to making rapid progress and has currently dedicated more than 750 resources to this project to complete significant portions of work, in collaboration with officials from the Income Tax Department.

    How do I use the new income tax portal?

    Step 1: Go to https://www.incometax.gov.in/ and click on ‘Login Here’ option on the homepage to access the official Income Tax Department Portal. Step 2: Enter your PAN in the Enter your User ID textbox and click Continue. Step 3: Confirm the Secure Access Message you received.

    How do I avoid tax mistakes?

    Avoid These Mistakes

    1. You blow the basics.
    2. You don’t enter information as it’s been reported to you (and the IRS).
    3. You don’t enter items on the correct line.
    4. You automatically take the standard deduction.
    5. You don’t take write-offs to which you’re entitled.
    6. You forgot your state healthcare individual mandate.

    How do you know if your taxes were filed correctly?

    Find out if Your Tax Return Was Submitted

    1. Using the IRS Where’s My Refund tool.
    2. Viewing your IRS account information.
    3. Calling the IRS at 1-800-829-1040 (Wait times to speak to a representative may be long.)
    4. Looking for emails or status updates from your e-filing website or software.
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    How do I submit a new ITR portal?

    2. Online: Enter the relevant data directly online at e-filing portal and submit it. Taxpayer can file ITR 1 and ITR 4 online.

    1. PAN will be auto-populated.
    2. Select ‘Assessment Year’
    3. Select ‘ITR Form Number’
    4. Select ‘Filing Type’ as ‘Original/Revised Return’
    5. Select ‘Submission Mode’ as ‘Prepare and Submit Online’

    What is the cost of new income tax portal?

    He said the Union Cabinet on January 16, 2019, gave its approval for this project at an outlay of Rs 4,241.97 crore for a period of 8.5 years. The government paid Rs 164.5 crore to Infosys to develop the new income tax e-filing portal between January 2019 and June 2021, Parliament was informed on Monday.

    How do I file and submit my ITR?

    You can file and submit your ITR through the following methods: You can refer to the Offline Utility (for ITRs) user manual to learn more. Step 1: Log in to the e-Filing portal using your user ID and password. Step 2: On your Dashboard, click e-File > Income Tax Returns > File Income Tax Return.

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    Is filing of ITR for Ay 2021-22 started on new IT portal?

    1. Whether filing of ITR for AY 2021-22 started on New Income Tax Portal? Yes, ITR filing has started on New IT Portal. Form ITR 1 & ITR 4 can be filed with both offline utility & online mode. Few of Taxpayer might still face error in certain menus, but generally it is being filed now.

    Why can’t I E-Verify after filing of ITR as portal?

    Many taxpayers are unable to e-verify after filing of ITR as portal do not respond when you click on e-verify option being displayed against ITR V acknowledgement of AY 2021-22. You can try with following trick- 1. Log out of Portal (i.e. Don’t use ID & Password to login)

    When will the common offline utility be released for ITR-V?

    As per latest updated on Income Tax Portal, Common Offline Utility has been released on 02/08/2021 for ITR 1 to ITR 4, however for ITR 5 to ITR 7, the same is yet to be released. 3. Unable to download ITR-V & ITR Forms for past assessment years?

    By: AdminPosted on