1 / 3

CBDT Rejects Social Media Rumours on ITR Filing, Says No Change in Income Tax Return Forms

The Central Board of Direct Taxes (CBDT) on Tuesday refuted reports in social media about changes being executed in ITR forms 2 and 3.

Download Presentation

CBDT Rejects Social Media Rumours on ITR Filing, Says No Change in Income Tax Return Forms

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. CBDT Rejects Social Media Rumours on ITR Filing, Says No Change in Income Tax Return Forms The Central Board of Direct Taxes (CBDT) on Tuesday refuted reports in social media about changes being executed in ITR forms 2 and 3. The income tax department stated that only the utility software has been updated which is not going to hamper the filing of returns. Meanwhile, there were reports in social media that the taxpayers were facing difficulties in efiling of income tax return in ITR-2 and ITR3 for the financial year 2018-19 due to wide-scale amendments in the ITR form for the AY 2019-20 “No changes have been made in any of the Income-tax Return (ITR) forms including ITR-2 and ITR-3 since the notification made on April 1 2019, i.e. on the 1st day of the Assessment Year 2019-20,” CBDT said. The income tax authority has clarified that the software utility for e-filing of all the ITR forms has been released long back on 2nd May and on 10th May 2019 respectively. However, the software utility update is a dynamic process and is continuously taken up as per the feedback received from the users/filers to ease their experience in electronic filing of returns. Besides with this, it has further clarified that the updating of utility does not hamper filing of return as the taxpayers are allowed to file ITR using the utility which is available at that point of time. Even though the utility is being updated regularly to provide ease to taxpayers, the returns filed by using the previous version of utility will continue to be valid. It is pertinent to state that the updation in the utility of ITR forms is based on feedback and mainly aimed at

  2. easing the compliance burden of the taxpayers by facilitating easier e-filing. For instance, this year, the facility of pre-filling of return forms has been provided based on the information furnished in the TDS statements. This facility has been updated in the utility subsequently. This would substantially reduce the efforts of taxpayers in filling of return forms. It is reiterated that there are no changes in the notified ITR forms; only the utility has been updated to facilitate the taxpayers. Therefore, the assertion that numerous changes have been made in ITR-2 and ITR-3 on July 11, 2019, does not give a correct picture. For https://www.allindiaitr.com more details about file income tax return visit us at CBDT Rejects Social Media Rumours on ITR Forms Meanwhile, there were reports in social media that the taxpayers were facing difficulties in efiling of income tax return in ITR-2 and ITR3 for the financial year 2018-19 due to wide-scale amendments in the ITR form for the AY 2019- 20 “No changes have been made in any of the Income-tax Return (ITR) forms including ITR-2 and ITR-3 since the notification made on April 1 2019. https://blog.allindiaitr.com/cbdt-rejects-social-media-rumours-of-changing-rules-in-itr-forms Pre-validate Bank Account to Get Income Tax Refund Amount Now, individuals who are yet to be prepared for ITR filing can get a refund of the estimated amount by claiming a refund while filing an income tax return. Ultimately, if you want your refund to be successful, you must pre-validate your bank account on the income tax e- filing portal at the time of return filing.https://allindiaitr.blogspot.com/2019/07/pre-validate- bank-account-to-get-income.html

More Related