To enhance the tax submitting course of, the Income Tax Department has finished away with the excel and java-based utility and has launched a brand new offline JSON-based utility for the evaluation yr 2021-22. The new utility will assist taxpayers import prefilled knowledge and edit it earlier than submitting the revenue tax return (ITR). Let’s perceive what the utility is all about and how one can file your ITR utilizing the brand new utility.
> The taxpayers can obtain the pre-filled knowledge from the revenue tax e-filing portal and fill in the remainder of the information. The imported prefilled knowledge will be edited to alter fundamental data corresponding to handle and all.
> The everlasting account quantity (PAN) can’t be modified. For that, you’ll have to edit the knowledge on the e-filing portal after which once more obtain the prefilled varieties utilizing the utility.
> Currently, the utility can be utilized to file ITR1 to ITR 4. The tax division has launched a step-by step information to make use of the utility.
> The facility to add the revenue tax return (ITR) on the e-filing portal just isn’t enabled as of now. You can fill and save the utility or export output JSON file on the system.
“As the tax division shall be offering pre-filled knowledge, JSON know-how makes the method of extracting knowledge from different sources quite a bit quicker, therefore the tax division has switched from Java utility to JSON utility, which is at present getting used for submitting GST returns. It can deal with heavy knowledge in a greater approach, thus assist in avoiding any inconvenience to taxpayers,” mentioned Sandeep Sehgal, Director -Tax and Regulatory, AKM Global, a consulting agency
The central board of direct taxes (CBDT) has been working incessantly to simplify procedures and to create a taxpayer-friendly tax regime. “The new utility is a user-friendly functionality for filing of returns and will afford greater ease to the taxpayers. The utility itself provides help in the form of FAQs, guidance notes, circulars and provisions of the law so as to enable hassle-free return filing. The Government’s efforts, to build a favourable tax regime for taxpayers cannot be disregarded. Augmenting simplicity and removing impediments will go a long way in increasing compliance and facilitating good governance,” mentioned Neha Malhotra, Director, Nangia Andersen India.
Taxpayers shall have the ability to pay taxes, confirm and add the ITR by way of the utility itself, mentioned Malhotra.
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