Non-availability of e-filing services from 01.06.2021 to 06.06.2021
The Income Tax Department is going to launch its new e-filing portal (www.incometax.gov.in) 7th June 2021, The New E Filing Portal (www.incometax.gov.in) is aimed at providing taxpayer convenience and a modern seamless experience to taxpayers.
Key Features of New Income Tax E Filing Portal :-
New taxpayer friendly portal integrated with immediate processing of Income Tax Returns(ITRs) to issue quick refunds to taxpayers;
All interactions and uploads or pending actions will be displayed on a single dashboard for follow-up action by taxpayer:
Free of cost ITR preparation software available online and offline with interactive questions to help taxpayers fill 1TR even without any tax knowledge, with pre- filling, for minimizing data entry effort;
New call center for taxpayer assistance for immediate answers to taxpayer queries with FAQs, Tutorials, Videos and chatbot / live agent;
All key portal functions on desktop will be available on Mobile App which will be enabled subsequently for full anytime access on mobile network;
New online tax payment system on new portal will be enabled subsequently with multiple new payment options using netbanking, UPI, Credit Card and RTGS/NEFT from any account of taxpayer in any bank, for easy payment of taxes
CBDT notifies all ITR Forms 1 to 7 for AY 2021-22 vide Notification no. 21/2021 in G.S.R 242(E) dated 31/03/2021. To facilitate taxpayers & to minimize the compliance burden, no significant changes have been made in the ITR Forms this year as compared to last year’s Forms
All pending refunds to charitable trusts and noncorporate businesses & professions including proprietorship, partnership, LLP and Co-operatives shall be issued immediately.
Due date of all income-tax return for FY 2019-20 will be extended from 31st July, 2020 & 31st October, 2020 to 30th November, 2020 and Tax audit from 30th September, 2020 to 31st October,2020.
Date of assessments getting barred on 30th September,2020 extended to 31st December,2020 and those getting barred on 31st March,2021 will be extended to 30th September,2021
Period of Vivad se Vishwas Scheme for making payment without additional amount will be extended to 31st December,2020.
In order to provide more funds at the disposal of the taxpayers, the rates of Tax Deduction at Source (TDS) for non-salaried specified payments made to residents and rates of Tax Collection at Source (TCS) for the specified receipts shall be reduced by 25% of the existing rates.
Payment for contract, professional fees, interest, rent, dividend, commission, brokerage, etc. shall be eligible for this reduced rate of TDS.
This reduction shall be applicable for the remaining part of the FY 2020-21 i.e. from tomorrow to 31st March, 2021