The income tax department gives you different options to reset your Income Tax e-filing portal password. Check out the step by step guide below
The form 10F is signed physically by the Non resident taxpayers and furnished along with the tax residency certificate to the resident payers for the purpose of determining withholding tax implication
It is expected that the proposed ITR form will be applicable from FY 2022-23 onwards
Its success, however, will hinge on the quality of online utilities launched along with it
Failure to verify return, incorrect bank address are key reasons for not receiving timely refund
As the deadline for filing ITR approaches, the demand for extending it has also grown
With this, Kotak Mahindra Bank becomes one of the first private banks to be fully integrated with the new Income Tax department portal
The documents you collect for this purpose will prove handy if an assessing officer conducts inquiry
However, you may have to pay a penalty and won't be able to carry forward most types of losses
The due date for ITR filing for the fin ancial year 2020-21 (the assessment year 2021-22) has been extended twice
To avoid any last-minute errors, one must remember to use the correct ITR form, collate all relevant income and expense documents for quick referral
Of the e-verified ITRs, more than 23.8 million ITRs have been processed and over 909.5 million refunds for AY 2021-22 have been issued
The income tax return (ITR) filing deadline for FY 2020-21 for individuals has already been extended, from the normal deadline of July 31, 2021
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The Finance Ministry said that the move comes on the back of difficulties reported by taxpayers and other stakeholders.
FM on Monday said technical glitches in the new income tax e-filing portal will be largely fixed in the next couple of weeks and that she has been constantly reminding Infosys on the issue
Do so once the glitches on the new tax portal have been ironed out
The new Income Tax Department website, which has been marred by glitches, has successfully received over 2.5 million returns, more than 35.7 million unique logins
The government paid Rs 164.5 crore to Infosys to build the new income tax e-filing portal between January 2019 and June 2021, Parliament was informed on Monday. "The contract for Integrated e-filing & Centralized Processing Centre (CPC 2.0) Project was awarded through an open tender published on Central Public Procurement Portal (CPPP) to Infosys Ltd, the Managed Service Provider on the lowest cost basis. "Since January 2019 till June 2021, the total amount paid to Infosys is Rs 164.5 crore under this project," Minister of State for Finance Pankaj Chaudhary said in a written reply to the Lok Sabha. He said the Union Cabinet on January 16, 2019, gave its approval for this project at an outlay of Rs 4,241.97 crore for a period of 8.5 years, including payout to the Managed Service Provider (MSP), GST, rent, postage and project management cost. On June 7 this year, the government launched the new income tax e-filing portal as part of the Integrated e-filing and Centralized Processing .
More than 700 e-mails detailing over 2,000 issues in the portal were received, says minister.