15 Point Summary of New Income Tax E-filing Portal

NEW INCOME TAX E-FILING PORTAL

(1.) The new IT Portal gets information/ data/ linkages from various other authorities such as BANKS, CIBIL, CAMS, TRACES, CDSL, IRDA, GSTN, STOCK EXCHANGES.

It is possible that the data obtained from above will be soon appearing in Form 26AS.

(2.) It is likely that for faster refunds, there would be automatic 18-20 validation stages/ model wherein if the assessee passes through it refund would be issued.

(3.) Figures of following will be appeared:I

NSURANCE PREMIUMB/ ANK INTEREST

SALE/ PURCHASE OF SECURITIES/ PPF CONTRIBUTIONS.

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