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To register DSC on the new website, one must have a valid user ID and password from the old portal
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Gifts received and loans (with or without interest) from relatives in the form of money, jewellery, property, vehicle, etc. are tax-free
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Infosys was in 2019 awarded a contract to develop the next-generation income tax filing system to reduce processing time for returns.
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Any donation received in the form of 'financial help' would be added to the total income of the recipient and taxed as per the current income tax slabs
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In response to the Citizen's grievances, finance minister Nirmala Sitharaman tweeted urging Infosys co-founder Nanadan Nilekani to fix the glitches in the new income tax portal.
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In the new system, taxpayers will be able to pay their taxes on the same portal and it will reflect in returns
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New ITR e-filing website: Check out the look of the new website of the Income Tax e-filing portal
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Section 80C tax-saving options: The deduction under Section 80C is available only to individual parent, guardian or sponsor for a maximum of two children per taxpayer
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Income Tax e-filing: Any mistake increases the possibility of the taxpayer receiving a notice from the Income Tax department
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The new portal is supposed to go live on Monday, June 7, and would be followed by a mobile phone app a few days later