NEW PORTAL INCOME-TAX

Facility To File These Forms is Now Enabled On Income Tax Portal

Facility To File These Forms is Now Enabled On Income Tax Portal

Income Tax E-filing Portal has posted an update that: Facility to file forms 10AB, 10IG, 10IH and 5C has been enabled after login under e-file -> Income Tax Forms -> File Income Tax Forms. Reportedly various forms are now available for filing on income tax e-filing portal. However there are some glitches in the portal …

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CBDT Reminder For Filing Various Income Tax Forms

CBDT Reminder For Filing Various Income Tax Forms

CBDT is continuously reminding taxpayers and professionals for filing income tax forms. Now on 1st February 2022, CBDT has reminded taxpayers and professionals for filing various income tax forms on income tax e-filing portal. The samples of emails sent by the income tax department to taxpayers/ professionals have been posted at income tax e-filing portal …

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Request for waiver of Late Fees u/s. 234F of the IT Act and extension of Audit report & Income-tax Return for A.Y. 2021-22

Request for waiver of Late Fees u/s. 234 F of the Income Tax Act and extension of Date for filing of audit report & audited I T Return for A.Y. 2021-22 Tax Advocates Association Gujarat To,1. Hon’ble Smt Nirmala SitharamanjiUnion Minister of Finance,Ministry of Finance Govt. of IndiaNorth Block, NEW DELHI – 110001Email : fmo@nic.in 2. …

Request for waiver of Late Fees u/s. 234F of the IT Act and extension of Audit report & Income-tax Return for A.Y. 2021-22 Read More »

CBDT Extends Last Date For Updation Of UDINs At Income Tax Portal

CBDT Extends Last Date For Updation Of UDINs At Income Tax Portal

UDIN Directorate The Institute of Chartered Accountants of India 30th November 2021 Last Date of updation of UDINs at e-filing Portal The CBDT has extended the last date for updating UDINs for all the IT forms at the e-filing portal to 31st January, 2022. For any clarification, please write us at udin@icai.in. UDIN Directorate

Attention Taxpayers! Check Out The New Annual Information Statement (AIS) Before Filing ITR

Attention Taxpayers! Check Out The New Annual Information Statement (AIS) Before Filing ITR

Attention taxpayers! Check out the new Annual Information Statement (AIS).  Provides a comprehensive view of information available with Income Tax Department about taxpayer. Please click on link ‘AIS’ under ‘Services’ tab on incometax.gov.in to access. Benefits of AIS: Comprehensive taxpayer info, ease of accessibility in various downloadable formats, instant feedback, summarized info for ITR pre-filling, …

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Breaking: CBDT Launches Common Offline Utilities for Filing Tax Audit Reports

Breaking: CBDT Launches Common Offline Utilities for Filing Tax Audit Reports

Common Offline Utilities for filing Statutory Income-tax forms (Enabled for Form 3CA-CD & 3CB-CD): The form is enabled for AY 2021-22 and AY 2020-21, prior years would be available shortly. This version can be used for Tax Audits in cases not involving large number of records. The next version will have CSV import/upload to accommodate …

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INCOME TAX PORTAL

Income Tax Portal has been further strengthened, 1.9 crore returns that have been filed using the new system: Infosys CEO

Infosys CEO said in a statement that over the past month, the Income Tax portal has been further bolstered. He further added that the system has seen steady increase in usage over the last few weeks. “Till yesterday, over 1.9 crore returns have been filed using the new system. Now, income tax return forms one …

Income Tax Portal has been further strengthened, 1.9 crore returns that have been filed using the new system: Infosys CEO Read More »

Big Update on New Income Tax E-filing Portal

Big Update on New Income Tax E-filing Portal

New update for new income tax e-filing portal is that: Form No. 3CB-3CD is now available under E-file>> Income Tax Forms on incometax.gov.in Form No. 3CB-3CD is required to be filed by those assessee, who are required to furnish audit report under the provisions of the Income Tax Act 1961. READ REGULAR BUSINESS NEWS? CLICK …

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Act Now or Surrender! CA Amresh Vashisht Tells Infosys

Act Now or Surrender! CA Amresh Vashisht Tells Infosys

At 22nd August’s Night, Infosys tweeted that the emergency maintenance of the Income Tax Portal has concluded and the portal is live. We regret any inconvenience caused to taxpayers. The emergency maintenance of the @IncomeTaxIndia portal has concluded and the portal is live. We regret any inconvenience caused to taxpayers. — Infosys India Business (@InfosysIndiaBiz) August …

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After Ministry of Finance has Summoned Infosys CEO, See the Tweets Done by Big Twitter Handles

After Ministry of Finance has Summoned Infosys CEO, See the Tweets Done by Big Twitter Handles

Ministry of Finance has summoned Sh Salil Parekh, MD & CEO Infosys on 23/08/2021 to explain to Hon’ble FinanceMinister as to why even after 2.5 months since launch of new e-filing portal, glitches in the portal have not been resolved. After this tweet by the Income Tax Department, many big twitter handles have tweeted against …

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Infosys will Never be Able to Give Workable Portal to the Government: CA Amresh Vashisht

Infosys will Never be Able to Give Workable Portal to the Government: CA Amresh Vashisht

Finance Minister Smt. Nirmala Sitharaman yesterday said that the glitches in the new income tax portal are expected to be fixed entirely in the next 2-3 weeks. On this statement of Finance Minister, CA Amresh Vashisht said that “A company fooled the Nation & uploaded portal on 1st to 7 June. It was not a …

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Glitches in New Income Tax Portal to be Fixed Soon: Finance Minister Nirmala Sitharaman

Glitches in New Income Tax Portal to be Fixed Soon: Finance Minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman today said that the glitches in the new income tax portal are expected to be fixed entirely in the next 2-3 weeks. FM Sitharaman also said that Nandan Nilekani sends a message on a weekly basis about the tax portal. “Will inform if the deadline to file return gets extended,” the …

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Taxpayers are Still Not Able to File ITR of HUF on New Income Tax Portal

Taxpayers are Still Not Able to File ITR of HUF on New Income Tax Portal

After the launch of new income tax portal on 7th June 2021, several errors are persisting in the portal. One of the problem is that taxpayers are not able to file ITR of HUF. While filing the ITR, following error as shown in the attached picture is persisting: This is ridiculous .. the problem is …

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NEW INCOME TAX PORTAL

As New Income Tax Portal is Not Functional, Professionals are Tweeting on “Provide GlitchFree Income Tax Portal”

As you know that after the launch of new income tax portal on 7th June 2021, it is not fully functional till date. All stakeholders are facing issues in the portal. Today, professionals are tweeting on “#Provide_GlitchFree_Income_Tax_Portal” Some of the tweets are mentioned as under: CA Raj Bagri: Govt must understand difficulties faced by taxpayers …

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Alert for Those Who are Filing ITRs. New Income Tax Portal is Levying Late Fees u/s 234F Irrespective of Extension of Due Date

Alert for Those Who are Filing ITRs. New Income Tax Portal is Levying Late Fees u/s 234F Irrespective of Extension of Due Date

Due date for filing Individual Income Tax Return (ITR) for F.Y. 2020-21 (A.Y. 2021-22) was extended from 31st July 2021 to 30th September 2021. But new income tax portal is levying late fees after 31st July itself (i.e. As on 1st August). A professional named CA Akhil Pachori has informed via a tweet. Picture attached …

Alert for Those Who are Filing ITRs. New Income Tax Portal is Levying Late Fees u/s 234F Irrespective of Extension of Due Date Read More »

TDS Return Filed within Due Date but Processed with Demand on New Income Tax Portal

TDS Return Filed within Due Date but Processed with Demand on New Income Tax Portal

After the launch of new income tax portal on 7th June 2021, there are several glitches on the portal which are not resolved till date. Some are related to ITRs whereas others are related to other forms and activities. In the instant case, a professional named CA Abhas Halakhandi filed TDS return on 14th July …

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Some Professionals want to Go Back to Earlier Income Tax Portal Whereas Some are Advising Government to Provide Cooling Period to Infosys

Some Professionals want to Go Back to Earlier Income Tax Portal Whereas Some are Advising Government to Provide Cooling Period to Infosys

As new income tax portal is not fully operational since its launch on 7th June 2021, professionals are not able to file ITRs, other forms. Consequently, all stakeholders are in trouble due to new portal. So in this situation, some professionals want to go to earlier portal and some are advising government to provide cooling …

Some Professionals want to Go Back to Earlier Income Tax Portal Whereas Some are Advising Government to Provide Cooling Period to Infosys Read More »

Big Issue! Infosys has not Provided Access to Software Providers Where Lakhs of Returns are Ready to File

Big Issue! Infosys has not Yet Provided Access to Software Providers Where Lakhs of ITRs are Ready to File

Nearly 1.5 months are over since the launch of new income tax portal but Infosys has not yet provided access to software providers. On this issue, CA Atul Modani tweeted that “Nearly 1.5 months after launch of new income tax portal , Infosys has not given permission to software providers on which lakhs of ITRs …

Big Issue! Infosys has not Yet Provided Access to Software Providers Where Lakhs of ITRs are Ready to File Read More »

NEW INCOME TAX PORTAL CALCULATION ERROR

See! How New Income Tax Portal is Showing Simple Calculation Mistakes in ITRs

The new income tax portal is in news after its launching on 7th June 2021. Sometimes it is getting very slow and sometimes it is rejecting filed returns. But now, a professional has tweeted that in ITR-2, the new income tax portal has showed the grand total of deductions u/s 16 as Rs. 1,00,000 instead …

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NEW INCOME TAX PORTAL

Alert! New Income Tax Portal is Sending Panic Messages to Taxpayers

Few professionals tweeted in recent days that new income tax portal is rejecting TDS returns. Now, a professional named CA Sanjeev Lalan has tweeted that “now clients are getting messages that your CA has rejected the requests for form 10B, form 29B. And this for forms filed in 2014.” READ REGULAR BUSINESS NEWS? CLICK HERE TO …

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