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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
New ITR e-filing website: Check out the look of the new website of the Income Tax e-filing portal
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
Income Tax e-filing: Any mistake increases the possibility of the taxpayer receiving a notice from the Income Tax department
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
Giving key highlights of the portal, the CBDT said all interactions and uploads or pending actions will be displayed on a single dashboard for follow-up action by taxpayer
Of this, personal income tax refunds worth Rs 7,538 crore have been issued in over 15.02 lakh cases. Corporate tax refunds of Rs 18,738 crore have been issued to 44,531 taxpayers
Provisional data shows that Mumbai region is leading from the front in tax collection. This region contributes almost 32% to the country’s personal tax collections
Experts say there is ambiguity as these payments are taxable as perquisites or profit in lieu of salary in the hands of surviving employees or their families
The e-filing portal is used by the taxpayers to file their income tax returns (ITRs) and also to raise complaints seeking refunds