Over 2 crore ITRs filed on new portal, CBDT urges taxpayers to file FY21 returns quickly

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The Earnings Tax division mentioned the efficiency of the brand new portal had “considerably stabilised”

The Earnings Tax division on Thursday mentioned greater than two crore revenue tax returns (ITRs) for the monetary yr 2020-21 have been filed to this point and the efficiency of the brand new I-T portal has “considerably stabilised”.

Asking taxpayers to file their ITRs for fiscal 2020-21 (April 2020-March 2021) on the earliest, the Central Board of Direct Taxes (CBDT) mentioned all ITRs have been made out there for e-filing.

“Greater than two crore ITRs for evaluation yr (AY) 2021-22 have been filed on the portal, of which ITRs 1 and 4 represent 86%. It’s encouraging to notice that greater than 1.70 crore returns have been e-verified, out of which 1.49 crore are by way of Aadhaar based mostly OTP,” the CBDT mentioned in an announcement.

The method of e-verification by way of Aadhaar OTP and different strategies is vital for the division to start processing of the ITR and to difficulty refunds, if any.

Of the verified ITRs 1 and 4, over 1.06 crore ITRs have been processed and over 36.22 lakh refunds for the AY 2021-22 have been issued. Processing of ITRs 2 and three shall be taken up shortly, it mentioned.

The brand new portal was launched on June 7 and within the preliminary interval, taxpayers had reported glitches and difficulties within the functioning of the portal.

“Quite a few technical points have since been resolved and the efficiency of the portal has considerably stabilised,” the CBDT mentioned, including that over 13.44 crore distinctive taxpayers have logged in until October 13 and about 54.70 lakh taxpayers have availed of ‘forgot password’ facility to acquire their passwords.

“E-proceedings and faceless proceedings have been enabled with functionalities together with video conferencing for evaluation and looking for adjournments or appointment and filings by licensed representatives.

“Taxpayers have been in a position to view over 12.20 lakh notices issued by the division below the faceless evaluation/enchantment/penalty proceedings, to which over 6.24 lakh responses have been filed,” it mentioned.

The digital signature certificates (DSC) registration of non-residents has been enabled and total, 4.87 lakh DSCs have been registered.

Over 15.72 lakh statutory types have been submitted, together with 9.08 lakh TDS statements, 1.29 lakh Kind 10A for registration of trusts/establishments, and 22,075 Vivad se Vishwas Types until October 13.

Over 1.83 lakh 15CA and 37,870 15CB types associated to overseas remittances have been filed and greater than 21.40 lakh e-PANs have been allotted on-line freed from price. The Authorized Inheritor performance has been enabled for registrations and compliance.

“The revenue tax division strongly urges all taxpayers to view their Kind 26AS by way of the e-filing portal to confirm the accuracy of the TDS and tax funds and avail of pre-filling of ITRs.

“All taxpayers who’re but to file their revenue tax returns for AY 2021-22 are requested to file their returns on the earliest,” the CBDT mentioned.

The federal government has prolonged the due date for submitting revenue tax returns (ITRs) for 2020-21 fiscal twice. For particular person taxpayer, the final date is December 31.

The brand new e-filing portal www.incometax.gov.in, launched on June 7, had a bumpy begin for the reason that day of its launch with taxpayers and professionals reporting glitches and difficulties in its functioning. Infosys was in 2019 given the contract to develop the portal.

The Union Ministry of Finance had on August 23 “summoned” Infosys CEO Salil Parekh to clarify why points continued to plague the portal developed by the software program main.

Finance Minister Nirmala Sitharaman, within the assembly with Mr. Parekh, expressed “deep disappointment” over persisting glitches for greater than two months after portal launch and gave him time until September 15 to resolve all points.

Mr. Parekh had on Wednesday mentioned the portal is seeing “regular progress” and taxpayers’ considerations are being “progressively addressed”.

He, nonetheless, didn’t say by when will technical glitches be totally resolved and all features on the portal shall be out there to tax filers.

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