Synopsis
The new portal will be available on the new hyperlink. The new e-filing portal is aimed at providing taxpayer convenience and a modern, seamless experience to taxpayers, as per the press release.
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A mobile app will be released later as well to enable taxpayers to get familiar with the various features.
The income tax department is launching its new e-filing portal, www.incometax.gov.in, today, i.e., on June 7, 2021. The new portal will replace the existing link www.incometaxindiaefiling.gov.in.
Abhishek Soni, CEO, Tax2win.in says, At the moment, the income tax website is yet to be launched. Meanwhile, it was opened in the early morning for a few minutes and we have captured glimpses of the new portal. The new portal is user-friendly. There is a user-friendly Help section where videos and content that are useful for taxpayers. There is a Chat option and Helpline numbers as well.
Tax query: What’s the taxability of interest on FD credited by a co-operative bank?
January 10, 2021
This is with reference to the reply given ( published on November 16, 2020) to a query raised by H S Murlidhar. The query was regarding taxability of interest on FD credited by a co-operative bank, which is not allowed to be withdrawn due to restrictions imposed by the RBI, following an alleged fraud at the bank. Under Income-Tax Act, an individual is allowed to follow cash or mercantile method to account for his income. Hence, I think, , he may account for the FD interest as and when he is permitted to withdraw the same, from his account. Accordingly, he can postpone accounting of FD interest credited to his account till he is allowed to withdraw, and pay tax during the year of withdrawal instead of in the year of credit to his account. Otherwise, he is compelled to pay tax without actual receipt of interest. Kindly advise if it is right to do so.
ITR FY2019-20: Know how to file income tax return without Form 16 ITR FY2019-20: Know how to file income tax return without Form 16
New Delhi: Being a salaried individual, the first step to file tax returns is to obtain Form 16 from your existing employer. In simple terms, Form-16 is a TDS Certificate that lists all your taxable income and various tax deductions at source (TDS). However, even if you do not get Form 16 from your employer, you can still file your income tax return.
To file your ITR without Form 16, you need to have certain relevant documents along with you and also, you need to follow few steps to file your tax returns.