Outlook Money
In 2021, the Central Board of Direct Taxes (CBDT) introduced the new income tax e-filing portal, replacing the previous one.
The updated portal had swift ITR processing which makes a user-friendly interface and ensures prompt processing of filed tax returns, leading to quicker refunds for taxpayers.
Through the updated portal, Taxpayers gain access to complimentary ITR preparation software, and it currently offers ITR-1 and ITR-4 online and offline, with ITR-2 online.
Taxpayers can now conveniently track all interactions, uploads, and pending actions in a single dashboard, streamlining follow-up procedures.
Multiple payment options, including RTGS/NEFT, credit cards, UPI, and net banking from any bank account, facilitate easy tax payments.
One of its advantages is the integration with the ITR processing system that ensures prompt refunds, enhancing user satisfaction and efficiency.
Users can conveniently upload professional details for easy access during Income Tax Returns (ITRs) filing.
One can begin navigating by visiting the official website at incometax.gov.in/iec/foportal/ followed by completing the process through completing different steps.
Compiled by Syed Muskan