Income Tax Returns in India – TheNewsay https://thenewsay.com Wed, 07 Feb 2024 17:46:29 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.1 https://i0.wp.com/thenewsay.com/wp-content/uploads/2024/02/cropped-TheNewSay-Favicon.png?fit=32%2C32&ssl=1 Income Tax Returns in India – TheNewsay https://thenewsay.com 32 32 230920947 7 Key Advantages of e-Filing Income Tax Returns in India https://thenewsay.com/advantages-of-e-filing-income-tax-returns-in-india/ https://thenewsay.com/advantages-of-e-filing-income-tax-returns-in-india/#respond Thu, 01 Feb 2024 10:54:00 +0000 https://smartmag.theme-sphere.com/smart-times/bitcoin-boom-or-crypto-winter-some-new-technical-levels-to-watch/ 7 Key Advantages of e-Filing Income Tax Returns in India: E-filing of Income Tax Returns was introduced in India in September 2004, aiming to provide government services through digital means. Initially voluntary, it has transformed the way individuals and businesses file their Income Tax Returns.

7 Key Advantages of e-Filing Income Tax Returns in India

1. Complete Transparency and Confidentiality on the e-Filing Portal

The e-filing portal ensures transparency and confidentiality. You can file your tax returns honestly, with only those with whom you share your e-filing user ID and password able to access your data.

Also Read: 7 Key Advantages of e-Filing Income Tax Returns in India

2. Safe and Secure e-Filing Process

The e-filing portal is built with the latest internet security technology, ensuring a safe user experience. There’s no fear of discrimination; all Indian citizens receive the same services.

3. Convenient DIY Filing from Home

You can file your Income Tax Returns from the comfort of your home using the straightforward and regularly updated e-filing portal. No need for a qualified accountant or standing in queues; the portal is accessible 24*7.

Advantages of e-Filing Income Tax Returns in India
Photo: Twitter

4. Easy Correction of Errors on the e-Filing Portal

Correcting errors is a simple online process. You can edit your form multiple times before saving and submitting it. Digital forms eliminate the need to refill information in case of mistakes.

5. Organized Paper-Free Records and Access to the 26AS Form

E-filing eliminates physical paperwork, organizing your information by year. Access and maintain well-organized paper-free records, including the view of your 26AS Form.

Also Read: 7 Key Advantages of e-Filing Income Tax Returns in India

6. Faster Income Tax Refunds with Online Verification

The online verification process makes it easier for the Income Tax Department to verify your information, leading to faster processing of refunds. Receive SMS alerts and use the e-filing portal to track the status of your refund.

7. Immediate Confirmation and Online Query Status

Receive an immediate e-verification message upon filing your returns. No need for paper cheques; use e-payment modes. Receive an email confirmation upon completing the e-verification process. Submit and track the status of your queries using the e-Nivaran service on the Income Tax website.

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