E-filing In September 2004, India implemented income tax returns. Its goal was to provide government services through digital channels. Although it was designed to be used on a voluntary basis, it has drastically transformed the way individuals and corporations submit their tax returns.
Also Read: Income Tax Return Filing
Furthermore, the following are seven key benefit of e-filing Income Tax Return in India:
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Complete openness and secrecy are provided via the e-filing portal.
You can use the income tax department’s e-filing capability to file your tax returns honestly.
You don’t have to be concerned about who sees your tax documents. Your data is only accessible to those with whom you have shared your e-filing user ID and password.
The e-filing portal is secure since it is constructed using cutting-edge internet security technology.
There is also no chance of human discrimination on the web portal. Regardless of their status, all Indian nationals receive the same services.
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From the comfort of your own home, you may file your tax returns.
The Internal Revenue Service’s e-filing platform is simple to use. It contains all of the required information, tools, and forms for filing your tax returns online. Furthermore, the information on the webpage is frequently updated.
You don’t need to employ an accountant to submit your taxes anymore. You won’t have to stand in line for your tax refund either.
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Any problems on the e-filing Income Tax Portal are straightforward to fix.
When done online, correcting any discrepancies is a simple procedure. You can make numerous changes to your form before saving and submitting it. If you make a mistake on a digital form, you don’t have to re-enter all of your information.
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You can keep track of your tax records and retrieve them online.
E-filing your tax returns eliminates the need for physical documents. You also don’t have to sit and save your digital documents in online folders. You will also have access to your 26AS Form.
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E-filing expedites the receipt of tax refunds.
The Income Tax Department can verify your information more easily online. As a result, refunds are processed more quickly. In the normal course, you will receive your refund in three to six weeks. When your tax refund is processed, you will receive an SMS notification.
Your refund is deposited directly into your bank account.
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When you e-file your tax returns, you get an instant confirmation receipt.
An e-verification notification appears when you finish filing your returns and click submit. To pay your tax debt, you don’t need to submit paper checks. You can utilize e-payment methods like a bank transfer on the e-filing platform.
You will receive an email confirmation of submission after completing the e-verification process.
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You can submit your questions and follow their development online.
To file a complaint, go to the Income Tax website and use the e-Nivaran service. After submitting the form, you will be given a “Grievance Acknowledgement Number.” You must enter it to check the status of your question.
After filing any concerns, you will receive an OTP (one-time password) on your registered mobile number and email address. To check the status of your complaint, you’ll need the OTP.
Suggested Read: Income Tax Advisory Services
