New Income Tax Filing Portal – Key Features & Updates

Income Tax department is set to launch new tax filing portal. The income tax portal can be access via URL – www.incometax.gov.in. The new portal is available from 7th June,2021. The basic objective behind launch of new portal is to provide convenience and modern seamless experience to the tax payers. Key features and benefits of income tax filing portal are given below.

New Income Tax Filing Portal – Key Features & Updates

New taxpayer friendly portal integrated with immediate processing of Income Tax Returns(ITRs) to issue quick refunds to taxpayers. This means now tax payers need not to worry about delay in the tax refunds. Tax refund will be issued faster.

Dashboard view will be provided to the tax payer. Tax payer will be able to see all pending action on the single dashboard including follow up actions by tax payer.

The new portal will provide free tax preparation utility online and offline with interactive questions to help taxpayers fill ITR even without any tax knowledge, with prefilling, for minimizing data entry effort. ITR1 to ITR4 online and offline options would be given.

The portal will be with live agent and chatbot. Tax payer can ask their queries and get help with FAQs and online tutorials.

The new portal comes with mobile app. This means now tax payers have facility of accessing income tax filing portal from desktop as well as mobile.

Tax payer will be able to make tax payment online on the tax filing portal. Tax payer will get multiple payment options such as netbanking, UPI payment, credit card and RTGS and NEFT from any bank for easy payment.

Tax payer will be able to fill up their profile and provide details such as income from salary, house property, business profession income. All these details will be used for filling pre-filling ITR form. Once TDS and SFT statements are uploaded all details including interest, dividend and capital gains will be available for filling up ITR form.

Closing Thoughts

As per me it is welcome move by the government. The new portal is likely to eliminate all limitations of the current income tax portal. The effectiveness of the portal can be seen once portal is launched.