Income Tax e-Filing Portal 2.0

To make compliance easier and more convenient, the Income Tax Department replaced the existing income tax portal with an updated version in 2021. The new portal is referred to as Income Tax e-Filing 2.0.

This made the online ITR filing process and e-verification available on the same platform, providing enhanced support and security features. Moreover, it has also introduced newer services and more user-friendly processes.

The Income Tax e-filing 2.0 portal comes with a lot of efficiency-boosting features and benefits suiting newer generations of taxpayers. A few of them are as follows:

• Streamlined Dashboard

Taxpayers can access all the necessary information regarding their ITR assessment, refunds, e-verification, and more on a single dashboard. This streamlines the entire process of income tax filing, making it extremely easy for taxpayers to take follow-up actions. 

• Quick Refund Processing

The upgraded e-filing portal has an integrated ITR processing unit, ensuring the quick issue of refunds to taxpayers. With the old portal, it takes a few weeks and sometimes even months to receive refunds. The revamped portal seeks to solve this issue.

• Pre-filled Forms

The new portal also comes with auto-populating forms. It pre-fills information related to various types of income on property, salary, business/profession, and more. 

 

Details related to interest income and capital gains can also be pre-filled once the TDS statements and financial statements are uploaded. Moreover, free ITR preparation software is available, helping taxpayers upload error-free ITRs.

• Mobile Compatible

The new website is much more mobile-friendly. Moreover, the Income Tax e-filing 2.0 portal offers a mobile app that integrates essential portal functions, allowing taxpayers to conveniently upload their ITR from their phones.

• New Helpdesk

A brand-new helpdesk centre has been set up to address taxpayer queries. It employs various communication mediums such as videos, tutorials, user manuals, a chatbot, and FAQs.

While you do not need to submit any document while e-filing your taxes, here are some of the paperwork you must have: 

• Form 16

This is a TDS certificate issued to you by your employer that provides details about salary, deductions, and the TDS deposited. 

• Form 16A

The bank will issue this Form 16A certificate containing information about the deductions made if the interest from an FD exceeds a certain threshold. 

• Interest and Other Income Certificates

You also need to collect certificates from your banks, post office, or other financial institutions consisting of details about the interest on various deposits. 

• Annual Information Statement (AIS)

It is a statement of the financial transactions you have executed in the previous fiscal year. 

• Form 26AS

This is a statement providing information about all the taxes deducted against your PAN and deposited in the government’s account. 

• Tax-saving Investment Proofs

To claim deductions under Sections 80C, CCC, CCD, E, and G, you need to have the investment-related proofs. 

• Notified Forms for Capital Gains

You also need to disclose capital gains earned during the previous financial year from the sale of property, shares, or mutual funds. 

• Aadhaar Card

When filing ITR on the new Income Tax portal, you need to quote your Aadhaar Card number along with your PAN details.

• Bank Account Details: 

As per Income Tax rules, it is mandatory for taxpayers to provide their active and closed bank account details.

Here are some of the important dates for online tax filing in the Assessment Year 2024-25. The revised tax extension dates are as follows: