The IT Department New Website
In physical activity, as well as how important the nervous system is, to run a state, tax collection is fundamental. India’s tax revenue, including income tax, is more than 50 percent. This important task is being overseen by the Central Board of Direct Taxes under the Ministry of Finance.
In the context of the growing importance of ‘Digital India’, services of various central government departments are being encouraged to take place through the Internet and processors. In particular, GST and income tax services are increasingly operating through the Internet.
All the services and activities of the Income Tax Department such as DTS, Favorite, Income Tax Form Filing, Faceless Income Tax Assessment, Appeal, Explanation to the Tax Department are done through the Income Tax Department’s website ‘Portal’. Internet Taxpayers, Taxpayers, Tax Officers It acts as an information exchange structure created by a joint venture in which all parties participate themselves.
Infosys has been awarded a contract worth Rs 4,242 crore to develop a new revenue portal website portal with new features. GST, the portal is overseen by Infosys. The previous website of the Income Tax Department was launched by DCS. Developed and operated by Tata Consultancy Services.
Why the New Website?
It is planned to make this website functional with various upgrades. In the new portal, under Form 26AS, the details of the bank account activity of a taxpayer/company, LIC, Premium, Provident Fund favorite details will be attached. Bank Savings Interest Details, Sibyl Score for Debt Repayment, and Mutual Fund Activities called ‘Games’ will also be included.
The DSC / Form 16 transaction, also known as ‘Traces’, incorporates financial transactions for a particular financial year, subject to income tax based on the particular taxpayer’s ‘Ban Card’, including stock market investment details. Data, information, and links from various departments will be linked individually to each taxpayer/company in the new portal of the Income Tax Department.
These details will be filled in automatically and the new portal will publish the income tax return. They will be rectified only if the objectionable actions in it are pointed out by the particular taxpayer. The tax assessment will be done in a faceless income tax assessment system somewhere in the country without going in person with the taxpayer and the tax refund will take place very soon.
The refund operations, which took place in almost 20 phases, were brought under the new single portal by the Central Direct Taxes Board of the Income Tax Department with all arrangements to be made on the same day. Launched on June 7, the Income Tax Department’s new portal has been launched with the most up-to-date strategies to be used by over 3 crore taxpayers a year.
When individual taxpayers, companies, and auditors approached them after a long wait, everyone was overwhelmed with disappointment. The new portal, in many respects, is not fully functional. Paralyzed on the first day of launch. Many links did not work. Many information is incomplete.
It is now two weeks since the launch of the new portal. They are not yet fully operational. The Income Tax website has come to a standstill. Indian corporations, which have been sending money overseas by creating Form 15CA / 15CB through the website, have been experiencing difficulties for 15 days due to the shutdown of the new portal.
Could not follow the old website procedure of the Income Tax Department. The new portal did not lend a hand either. Currently, the use of Form 15CA / 15CB is done by hand. Due to the non-functioning of the new portal, the process of filing ‘DTS’, filing tax returns, assessing taxes, commenting on objections, appealing, and explaining fines has been stalled for more than 15 days.
Why This Rush?
Even if the tax is usually delayed by one day from the due date, the loss of the companies cannot be carried over to the next year. Due to the expiration date, there are many taxpayers who have experienced interest and penalties. Modernization and new practices are necessary over time. But the question for taxpayers is whether the tax department can implement them in an emergency without proper training, booking, and foresight, in times of crisis such as the Govt epidemic.
Already, in the face of the recession, the business community sees the need to wait and fight for taxation, favorites, appeals, and refunds as unnecessary pressure.
Auditor G. Karthikeyan
karthi@gkmtax.com
