Income Tax News: 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.
How will IEC 3.0 help?
The internal circular states that the goal of Project IEC 3.0 is not just to continue the services provided by Project IEC 2.0. But to establish a much better system. Necessary improvements have to be made in the processing of ITR. New technology is to be used to speed up the processing of ITR with the new system, so that the taxpayer can get a quick refund. Apart from this, it can reduce the shortcomings and complaints of IEC 2.0.
What will be the benefit?
Chartered Accountant Ashish Neeraj says that the change from IEC 2.0 to IEC 3.0 can bring a more user-friendly experience for taxpayers. Strict data quality checks should be implemented in IEC 3.0. Last year, in IEC 2.0, taxpayers and professionals faced problems in downloading ITR forms, downloading 26AS, server related glitches, problems in challan payment etc., which can be improved in IEC 3.0. The internal circular states that Project IEC 3.0 will have a huge impact on the functioning of the department and the general public in the coming years. Therefore, it is important for the Income Tax Department to take opinions and suggestions to make the IEC 3.0 project user friendly.
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 prudence 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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