Income Tax Update: Do you pay income tax too? Before the end of the year, big details came from the Income Tax Department, what has changed

• Important changes in the Income Tax department before the end of the year
• Another feature in the e-filing portal
• Find out what has happened

To give a big relief to taxpayers, the Income Tax Department has launched a new facility on its e-filing portal. This new facility will enable taxpayers to directly apply online for rectification against certain income tax orders. Earlier, this process was lengthy and cumbersome, requiring a manual application or a request through an Assessing Officer (AO).

Income Tax Department has added a new facility in its e-filing portal. This will directly benefit the taxpayers. Let’s take a look at this new facility and how to use it.

What feature was added to the e-filing portal?

Taxpayers can now apply for rectification against certain income tax orders on the e-filing portal. Before this feature was introduced, this process was quite long and complicated. Moreover, applications for rectification had to be submitted manually.

Adding this feature, the Income Tax Department said that now correction applications related to TP (Transfer Pricing), DRP (Dispute Resolution Panel) and revision orders will no longer have to be approached before the Tax Assessing Officer (AO). Tax payers can apply directly through e-filing portal.

How to apply

• First, taxpayers should visit the e-filing portal.
• Then click on the Services tab
• Now you will see the modification tab
• Then, you can apply by clicking on request option of AO seeking correction

To address the concerns of taxpayers income tax The department has added this feature. This new digital facility has made the repair process completely online. This move by the Income Tax Department is considered as an important step towards Digital India. This will save a lot of time for the taxpayers and the Income Tax Department

The correction process will now be online

According to Chartered Accountant Suresh Surana, this update is a big change for taxpayers. They no longer have to visit the office frequently to correct glaring mistakes. He explained that amendment applications can now be sent directly to the concerned tax authorities, thereby making the necessary amendments in the original order. This will not only save time but also make the entire process more transparent and easier.

Income Tax Refund: Income tax refund stopped! Millions of taxpayers still waiting; Let’s find out the main reason for refund delay

What is an amendment order?

Correctional orders are issued by senior Income Tax officers. If an order passed by an Assessing Officer is found to be wrong or contrary to the interest of the Department, it may be modified, varied or set aside.

• Under Section 263, the Principal Commissioner or the Commissioner can modify an order detrimental to the department
• Under Section 264, the Commissioner has the power to grant relief to the taxpayer if an order is prejudicial to the taxpayer

Tax payers will get relief

This new digital facility has made the repair process completely online. This will not only reduce the need for physical documents taxpayers And the work will be more efficient and faster for both the departments. Overall, this move by the Income Tax department is considered as another important step towards Digital India and is expected to bring significant relief to taxpayers.

Income Tax Return: Has your ITR return not arrived yet? If not, know the process