The Directorate of Income Tax (Systems) announced that the New Income Tax e-filing portal will be launched on 7th June 2021.
The existing IT portal will be migrated to www.incometax.gov.in. For this transition, the existing portal hosted on incometaxindiaefiling.gov.in will be unavailable from 1st to 6th June 2021 to taxpayers and the Income Tax Department Officers.
What can we expect from the New Income Tax portal?
The new Income Tax e-filing portal is expected to:
- User-Friendly interface
The new Income Tax e-filing portal is expected to be user-friendly, making navigations more intuitive.
- E-filing for AY 2021-22
With the launch of www.incometax.gov.in, the online ITR preparation and filing for AY 2021-22 (FY 2020-21) of ITR 1 & 4, is enabled. Online ITR filing for ITR 2 & 3 will be live soon. ITR filing for ITR 2 is currently available offline.
- Change in ITR format to JSON
The ITR format is expected to change from the existing XML format to JSON files.
- Download Pre-filled JSON for AY 2021-22
As announced by the Income Tax Department, taxpayers can expect pre-filled capital gains data to be download with the launch of a new IT portal.
- Immediate processing of ITR
The new IT portal on www.incometax.gov.in is expected to implement immediate processing of ITR and enable issue of quick refunds.
- Dashboard for taxpayers
Taxpayers will be able to check interactions like upload, pending and follow-up actions through the Income Tax Dashboard
- ITR preparing platform
Taxpayers can prepare their Income tax returns by answering the interactive questions using online and offline software. The ITD will be aid preparing with ITR using the pre-filled data.
- Multiple options for Income tax payment
The ITD will allow payment of income tax with different methods including UPI, Credit Card, NEFT/RTGS, etc.
- Better Support
The ITD is also focused on ramping up the support for the taxpayers by having FAQs, video tutorials, chatbots/live agents etc.
- Mobile usability
The mobile app will have all the key functionality, the ITD is also planning to have all the functions on the mobile.
- Different Login options
Taxpayers will have multiple secure login options to login to the new Income Tax portal such as with your PAN, Aadhaar, TAN, etc.
📢 The wait is finally over!! 🚀@IncomeTaxIndia has launched a brand new e-filing Portal!— Quicko (@HowToQuicko) June 8, 2021
So what’s new? 🤔 Check out all the features below ⬇️
Let us know your thoughts about the new portal 😉 https://t.co/i0PWPknLiX#NewPortal #eFilingMadeEasier #incometax
What will be Impacted?
During this transition between 1st June – 6th June 2021 the taxpayers will not be able to login to the Income Tax Portal for any of the following:
- Download ITRs / Documents from the IT Portal
Users will not be able to download any Income Tax Returns filed previously or documents such as Form 26AS, ITR V, etc. from the income tax e-filing portal.
- Respond to Notice/Grievance
Users will not be able to view/respond to any Income tax notice or grievance raise on the income tax e-filing portal. The Income Tax Department officers are also requested to fix any compliance dates from 10th June 2021 onwards.
Any notices issued during the period between 1st – 6th June 2021 will be visible to taxpayers on the new portal from 7th June 2021 onwards.
- Link PAN and Aadhaar
It is mandatory to link PAN with Aadhaar before the 30th June 2021. After which your Permanent Account Number may be deemed invalid, you won’t be able to link your PAN with Aadhaar during this downtime.
- E-verify ITR
Your Income Tax Return filed is not considered valid and is not processed unless you e-verify your ITR within 120 days.
- File Revise / Belated Return
The last date to file the revised / belated return for FY 2019-20 (AY 2020-21) has been extended to 31st May 2021. However, in case there is any proceeding going on with the Income Tax department, the taxpayer may be allowed to file the revised/belated return for the previous assessment years. This will be continued once the New e-filing portal goes live on www.incometax.gov.in
At the beginning of the new financial year, the Income Tax Department had announced its vision and activities to focus on tech and make tax filing simpler with ERIs (e-return intermediaries like Quicko).
How will Quicko use these capabilities?
With ITD revamping its portal and providing enhanced capabilities for ERIs like Quicko.
Quicko will build on these capabilities to:
- Plugging into your Favourite Apps
We are en-route to simplify taxes for you by integrating into your brokerage, investment, and bank accounts. So you can easily import your trading, investments onto Quicko to easily prepare your ITR.
- Use Pre-fill JSON to Prepare ITR
You will be able to easily prepare your ITR by uploading your pre-filled JSON on Quicko, which has your tax credits and other details.
- Spot common Mistakes
By enabling these capabilities, Quicko can help you avoid some common mistakes when filing ITR such as spotting mismatch in tax credits, mismatch in personal information, incorrect Bank details, etc.
- Spot Tax-Saving opportunities
With the Tax Planner app, you can – generate an aggregate Tax P&L from all your brokers, calculate & pay advance tax, spot tax-saving & tax-loss harvesting opportunities, and much more so you can put your taxes on auto-pilot mode and worry less about taxes.
Taxes are going to be super simple this tax filing season!