Income Tax efiling – The Income Tax Department of India has taken a new step in technological advancement, as they have launched a new service of filing returns through the Internet, called e-filing or e-returns. For anyone who wants to avail the facility should visit the website and download the web services manual and follow it accordingly.
New modification have been added into the tax calculating software, so it is advised to the tax payers and brokers to download the software and use it as told in the manual. The new facility called “My Account” has been added for the existing e-filers to view their tax credit statement as per form 26AS.
The new ‘My Account’ facility will help the user to view and check that the payments have been made correctly or not, TDS deductions from the salary, and interests charged etc. This system has helped the Department modify its tax payement mechanism, from the conventional procedure which took hours and to file statements along with mile long queues which in itself took lot of time, to moving to the web system which is time efficient and accurate.