The Income Tax Department has released several important changes and new features on its portal for the convenience of taxpayers. This update aims to make the process of filing income tax returns (ITR) for the assessment year 2024-25 even simpler and more effective for taxpayers. So let’s know about it in detail.
Big update on ITR Forms?
The Income Tax Department has announced that ITR Forms 5, 6, and 7 for assessment year 2024-25 are now available on the portal and can be filed from January 1, 2025. The department believes that these updated forms have been designed keeping in mind the special needs of taxpayers.
New E-filing Website Launch
According to the Income Tax Department, many user-friendly modern facilities have been added to this new portal. Let us tell you that according to the IT Department, the new website will start from June 07, but users will be able to pay tax from June 18, 2021 after the date of advance tax installment comes. On the other hand, the mobile app of this new portal will also be available from June 18, with the help of which taxpayers will be able to do tax related work easily.
ITR Date Extended?
The Central Board of Direct Taxes (CBDT) has given relief to the taxpayers by extending the last date for filing delayed and revised ITR to January 15, 2025. Earlier the ITR date was December 31, 2024. This decision has been taken with the aim of providing more time and convenience to the taxpayers.
Know What Benefits You Will Get
There are going to be big benefits with the arrival of this new portal of Income Tax. Along with this portal, a committee will also be formed so that the opinion of taxpayers, tax professionals, various departments and the public can be known and this committee will give its recommendations by November 30, 2024. Through this portal, an effort will be made to minimize the complaints related to e-filing of the people through changes in technology and infrastructure. Also, the facility of return filing is also going to be convenient through this portal.
Increase in the use of online portal?
The number of taxpayers filing returns online has increased significantly in the last few years. By making the Income Tax portal more user-friendly, the department has ensured that taxpayers can fulfill their tax obligations without any hassle.
Conclusion
The Income Tax Department has prepared to give a big good news to those who file income tax returns where a new portal is being launched for ITR e-filing. If you have any question regarding this post, then you can tell us by commenting in the comment box given below. Your feedback and suggestions are welcome as always. Thank you.
