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New Online Tax Payment System, App To Be Launched Later: Tax Body

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New Online Tax Payment System, App To Be Launched Later: Tax Body

The Central Board of Direct Taxes frames coverage for the Earnings Tax Division.

New Delhi:

The Central Board of Direct Taxes on Saturday stated a proposed new on-line tax cost system and a cell app on its soon-to-be launched superior e-filing web site shall be activated on June 18, even because the portal will go dwell on Monday.

“It’s clarified that the brand new tax cost system shall be launched on June 18, 2021 after the advance tax instalment date to keep away from any taxpayer inconvenience,” the tax physique stated in an announcement.

It had earlier stated that the upcoming web site will allow a brand new on-line tax cost system with a number of new cost choices utilizing internet banking, UPI, bank card and RTGS/NEFT from any account of taxpayer in any financial institution, for straightforward cost of taxes.

“The cell app can even be launched subsequent to the preliminary launch of the portal, to allow taxpayers to get accustomed to the varied options,” the tax physique stated.

The Central Board of Direct Taxes (CBDT) frames coverage for the Earnings Tax Division and the e-filing web site is utilized by the taxpayers to file their tax returns and carry out different transactions with the division.

“Familiarisation with the brand new system could take a while, so, the division requests the endurance of all taxpayers/stakeholders for the preliminary interval after the launch of the brand new portal and whereas different functionalities get launched since this can be a main transition,” the assertion stated.

It stated the brand new web site is geared toward “offering taxpayer comfort and a contemporary, seamless expertise to taxpayers”.

It’s one other initiative by the CBDT in the direction of offering ease of compliance to its taxpayers and different stakeholders, it added.

The brand new taxpayer-friendly portal is built-in with rapid processing of Earnings Tax Returns (ITRs) to difficulty fast refunds to taxpayers and all interactions and uploads or pending actions shall be displayed on a single dashboard for follow-up motion by the taxpayer, it stated.

It’ll even have a free ITR preparation software program with interactive questions to assist taxpayers to file ITRs 1, 4 (on-line and offline) and ITR 2 (offline) to start with and the power for preparation of ITRs 3, 5, 6, 7 shall be made out there shortly, the assertion stated.

Taxpayers will have the ability to proactively replace their profile to offer sure particulars of revenue together with wage, home property, enterprise/occupation which shall be utilized in pre-filling their ITR within the new internet port.

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