The new income tax e-filing portal to be launched on Monday promises several taxpayer-friendly features including, immediate processing of tax returns for the quick issue of refunds, the Central Board of Direct Taxes (CBDT) said in a statement. To be sure, the tax return filing feature will be unlocked only on 18 June after the first advance tax instalment date to avoid any taxpayer inconvenience. CBDT said that a mobile app would also be released to enable taxpayers to get familiar with the various features. The idea is to offer a modern, seamless experience to taxpayers, CBDT said. The new portal will offer free-of-cost tax return preparation software with interactive questions in the case of tax return forms ITR 1 and 4 (online and offline) and ITR 2 (offline) to begin with.

Source: Mint June 05, 2021 16:30 UTC