Income Tax: There is good news for crores of taxpayers. Now they will not face much difficulty in filing ITR. There is going to be a big change in the e-filing ITR portal for filing income tax returns. New technology is to be used to speed up the processing of ITR with the new system.
New Delhi: There is going to be a big change in the e-filing ITR portal for filing income tax returns. It will be more convenient for taxpayers. According to the Economic Times report, an internal circular from the department has revealed that a new ITR e-filing portal IEC 3.0 will be launched soon. The process for this has started. According to the internal circular, the operation phase of the existing Integrated e-Filing and Centralized Processing Center (IEC) 2.0 is ending. With this, IEC 3.0 will replace it as a new project. Let’s know about it.
What is IEC Project?
The IEC project offers an e-filing platform. It allows taxpayers to electronically file their ITR, submit regular forms and use many other services. An important part of the IEC project is the Centralized Processing Center (CPC). It takes up the responsibility of processing the ITR filed with the help of e-filing portal and ITBA. Apart from this, IEC also provides a back-office (BO) portal. Through this, field officers can access taxpayer filing and processing data.
Why is it necessary to upgrade?
Hardik Kakadiya, President, Chartered Accountants Association, Surat (CAAS) says that no e-commerce platform crashes during festive sale offers. On the other hand, problems keep coming in the ITR e-filing portal. A petition has already been filed by CAAS in the Gujarat High Court regarding the problems in the Income Tax portal. Therefore, if wisdom is used and the portal is upgraded on time, not only difficulties can be prevented, but many litigations can also be avoided.
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