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    E-Filing is the process of filing one’s income tax returns online, without the need for physical documentation for the same. All you need to do is log onto the Income Tax portal and do the job! E-Filing is one of the most popular ways of submitting your income-related information to the government. Per the IT department, the ITRs of almost 1.76 crores Indians was processed for AY 2021-22. Filing ITRs online is not just a pocket-friendly and convenient option, one can avoid the penalties imposed due to delayed tax return filing. Notably, filing your ITR post the year's deadline makes you liable to pay a maximum penalty of Rs 10,000. There are majorly three ways you can file your tax returns in an electronic manner. The first is by using a Digital Signature Certificate (DSC), which is the digital equivalent of physical certificates. In case one does not opt for this, a one-page document, namely Income Tax Return-Verification or ITR-V form can be utilised. A portion of the income of the taxpayer is usually deducted as TDS (Tax deducted at Source). However, the actual tax dues per your Income-tax slab may be lower, in which case, the excess can be refunded via filing an ITR. Application for loans and visas also mandatorily require an individual to submit their tax returns. More

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    • Govt to make e-filing of consumer complaints mandatory from April 2023: Official

      Currently, people can file complaints before consumer commissions or courts, both in physical and online mode.

    • New I-T e-filing portal continues to face glitches; some features yet not functional

      The new portal, "http://www.incometax.gov.in/"www.incometax.gov.in, was launched last Monday (June 7), which the tax department as well as the government said was aimed at making compliance more taxpayer-friendly.

    • New Income Tax website: Here's a step-by-step guide on using various services on new IT e-filing portal

      "Thank you all for being patient with us during our transition to the new e-filing portal. The e-filing 2.0 went live at 8:45 pm today & represents an important milestone in our constant endeavor to make the compliance experience more taxpayer-friendly," The Income Tax Department tweeted on June 7.

    • IT Department to launch new e-filing portal for taxpayers on June 7

      An order issued by the systems wing of the department on Wednesday said the "transition" from the old portal -- www.incometaxindiaefiling.gov.in -- to the new --www.incometaxgov.in -- will be completed and made operational from June 7.

    • Tax Planning: Eleventh-hour miracle to save your income tax

      There are several notified charities and relief funds through which a deduction of 100 percent can be claimed.

    • March 31 deadline: Here are lesser-known deductions to axe your income tax

      Health check-up costs, rent paid to parents and stamp duty on house registration can be claimed for tax deductions

    • Why you could lose income tax deductions if you invest in ELSS funds on March 31

      SEBI's new rule means that units would be allotted only when the money hits the fund house's account. Any delay could result in loss of tax deductions for this fiscal

    • Facing delays in tax refunds or insurance claims? You will get additional interest

      The tax department, insurance companies or even a court hearing a financial case must pay penal interest for delayed settlements

    • Today is the deadline to pay 100% of your advance income tax liability. Don’t miss it

      Income tax rules state that if your annual estimated income tax in the current financial year is at least Rs 10,000, then you have to pay advance income tax in four installments throughout the year. Your last installment deadline for income earned in 2020-21 is March 15, Monday.

    • I-T Dept cautions against breach in e-filing accounts

      A senior official said the advisory has been issued in the wake of an increased vulnerability and attacks on online systems as the country and the world battle the COVID-19 pandemic and more online systems are being used due to a major scaling down of human interface.

    • CBDT rejects reports on decline in income tax e-filing

      CBDT clarified that during FY 2017-18, out of a total of 6.74 crore ITRs which were e-filed, 5.47 crore ITRs were filed for AY 2017-18. In comparison, during FY 2018-19, a total of 6.68 crore ITRs were e-filed, which included 6.49 crore ITRs of AY 2018-19.

    • Deadline for return filing of audit reports extended to November 7

      A senior official said the Central Board of Direct Taxes (CBDT) took the decision to extend the deadline by a week, considering the "representations made by various stakeholders".

    • Now, shed lethargy in filing tax returns, say experts

      There are many with income above basic exemption limit who do not file returns even though it is mandatory. However, stiff penalties proposed to levied in Budget 2017 for late filing would ensure that taxpayers file their returns in time.

    • Quicko launches e-filing platform for CAs, tax professionals

      The portal is expecting over 3 million tax filings in the next 15 days.

    • CBDT extends e-appeal filing deadline to June 15

      CBDT has extended the time limit for e-filing of the first appeal before a tax officer by a month to June 15 after taking cognisance of complaints made by taxpayers in complying with the exercise, operationalised for the first time this year.

    • Resolve taxpayers' rectification cases in 6 months: CBDT to IT

      The Central Board of Direct Taxes (CBDT), the nodal authority for framing policies for the IT department, has also asked tax officials to issue orders in writing in these cases instead of just uploading them to the taxpayers' e-filing account.

    • E-filings of ITR surge 27% to 3.09 crore during Apr-Dec

      The new e-filing system, operationalised last year, allows online verification of a person's ITR (Income Tax Return), thereby ending the practice of sending paper acknowledgment to the Centralised Processing Centre (CPC) of the IT department located in Bengaluru.

    • CBDT to issue pre-filled I-T Returns form to ease e-filing

      The apex policy-making body of the I-T department is actively working to ensure that this customer-friendly measure can be launched for taxpayers from the next financial year.

    • 'I-T dept to catch hold of black money holders post Sept'

      The top boss of the I-T department said the Board is constantly trying to strengthen its information systems in both the domestic and international arena in order to create the “capacity to catch hold of such people who are spoiling country‘s tax compliance culture.”

    • Can I file income tax returns for previous year now?

      An individual can file his or her tax return until the completion of two financial years from the end of the financial year for which the return is to be filed.

    • Blackmoney: Online link to declare illegal assets launched

      The Income Tax department has launched a e-filing link on its official website for declaring illegal foreign assets and black money using the one-time compliance window notified recently by government.

    • Ease of doing biz: DIPP initiates vast survey in states

      The key objectives of the survey are to assess the implementation of various factors enabling ease of doing business in a state and to do a comparative study of states with regards to the implementation status.

    • Govt introduces 3-page ITR, extends filing date till Aug 31

      The main ITR form will not contain more than three pages, while 'other information' will be captured in the "schedules" which will be required to be filled only if applicable.

    • PM unveils 'Shramev Jayate Yojana' to revamp labour reforms

      Modi inaugurated the 'Pt Deendayal Upadhyay Shramev Jayate Karyakram' organised by the Labour Ministry which will feature a day-long conference of labour, employment, health and vocational training ministers of the various state governments.

    • e-IT returns register a sharp increase

      The e-filing of income tax returns have registered a 48 per cent rise with more than one crore assesses doing it in the first four months of the current fiscal year 2013.

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