There has been rapid digitization in recent years which has changed the way governments function. The old Income Tax Portal was operational till 6th June 2021 and the new portal was introduced on 7th June 2021. The new income tax portal is easier to use and more convenient and provides a seamless experience to the users.
E Filing 2.0 is an upgraded version of the previous e-filing portal with several improvements.
Some of these upgraded features are as follows:
Enhanced security features
More user-friendly interface
Faster processing times
E-filing 2.0 has become increasingly popular due to its convenience and efficiency, allowing individuals and organizations to submit their paperwork easily from anywhere.
Features of the New e-filing portal
- The new portal is integrated with the ITR processing unit, which will ensure the quick issue of refunds to the taxpayers. The current ITR processing system takes a few weeks and even months to credit refunds to the taxpayers account.
- The Income tax returns filed will be transmitted quickly to the CPC. Consequently, intimations will be sent sooner to the taxpayers resulting in quick refunds to the taxpayers.
- The new e-filing portal will provide various payment options such as net banking, RTGS/ NEFT, credit card, etc., from any of the taxpayer’s accounts. The new payment of tax facility will be enabled after 18th June to avoid advance payment difficulty to the taxpayers.
- Free of cost income tax return preparation software will be available online and offline for the taxpayers with a pre-filling facility. Currently, ITR-2 is available online, and ITR-1 & ITR-4 software are available online and offline. ITR preparation software for ITR-3, ITR-5, ITR-6, ITR-7 will be available shortly.
- The taxpayer can take follow up of all the interactions or pending actions through a single dashboard.
- A new helpdesk centre is for the assistance of the taxpayers for any queries through various means such as chatbot, videos tutorials, user manuals, FAQs, etc.
- A mobile application embedded with all key portal functions will be enabled for full time access on the mobile network.
- The new portal allows pre-filling of some details related to various incomes such as salary, house property, business/profession, etc. Additionally, it enables the detailed pre-filling of details of salary income, interest, dividend and capital gains. The pre-filling will happen when the concerned entities upload the TDS and SFT statements.
Benefits of Income Tax Portal in India
- The integration of the new portal with the ITR processing system facilitates swift refunds for taxpayers, ensuring a user-friendly and efficient experience.
- The new income tax portal provides benefits such as complimentary ITR preparation software for ITR 1 and 4 (both online and offline) and ITR 2 forms (offline).
- Taxpayers can utilize the portal to file income tax forms, respond to various scrutiny processes, and engage with a diverse range of tax professionals.
- Users have the option to upload all their professional details, which can be conveniently accessed when it’s time to file Income Tax Returns (ITRs).
- The dashboard feature on the new portal assists taxpayers in managing various interactions, and it allows them to track pending requests.
- The newly established call center is equipped to address inquiries related to online income tax filing, simplifying the process of tax payment through the portal.
FAQs
Why was the e-filing portal 2.0 launched?
It was launched to increase the ease of compliance of filing income tax returns for the taxpayers.
How can I register on the new e-filing portal?
You can register on the new e-filing portal by providing your PAN, mobile number, and email address. You will then receive an OTP on your mobile number and email ID, which you need to enter to complete the registration process.