Tax practitioners say routine work nonetheless a problem, whereas taxpayers face penalties for late submitting
The earnings tax portal continues to be a fear for taxpayers scrambling to file their returns, forward of Union Finance Minister Nirmala Sitharaman’s September 15 deadline for the portal’s tech developer, Infosys.
Tax practitioners stated that the return submitting module of the portal nonetheless has a number of issues. Even routine duties like searching for adjournment in ongoing assessments, adhering to the ‘Vivad se Vishwas’ scheme and importing digital signatures are proving to be a problem.
Although the federal government has prolonged the deadline for particular person taxpayers to file earnings tax returns (ITR) until December 31, it’s levying 1% curiosity for every month of delay past the unique July 31 deadline, thereby lowering the danger to the exchequer. Questions have been raised about failures
Shailesh Kumar, associate, Nangia & Co LLP, stated, “The federal government has indicated that it was conscious of the persevering with challenges of the portal when it prolonged the deadline for submitting returns. “Nonetheless, there’s a actual hardship for taxpayers who’ve paid self-assessment tax however are usually not in a position to file ITR as a consequence of portal points. They nonetheless have to pay curiosity on the price of 1% per 30 days for delay in submitting ITR,” he stated.
“The federal government ought to waive curiosity for these taxpayers who’ve already paid their full tax legal responsibility, in the event that they file their ITR inside the prolonged timeframe,” Kumar stated, emphasizing that Mr. Persons are inclined to file their returns as a result of nobody desires to pay curiosity.
Itemizing a number of points, RSM India founder Suresh Surana stated that regardless of some “gradual enhancements” within the interface of the portal, some glitches are nonetheless to be resolved.
“Taxpayers are dealing with points in auto-population of knowledge from Type 26AS because the imported knowledge is both stuffed incorrectly or not populated in any respect. Correction of ITR, tax credit score mismatch, bill correction and another functionalities are nonetheless not energetic,” he stated, including that complaints reported on the portal – which had been ‘ideally addressed in per week’ – at the moment are acquired. It takes about 30 to 45 days to do a response.
On 23 August, after calling out Infosys CEO Salil Parekh, Ms Sitharaman had conveyed the federal government’s ‘deep disappointment’ with the agency’s operation of the IT portal, which has been ineffective and plagued with issues since its launch on June 7. Is. He had demanded. The problems associated to the ‘present functioning’ of the portal ought to be resolved by September 15 in order that taxpayers and professionals can work on the portal seamlessly.
Mr Kumar stated that the portal remains to be evolving with adjustments within the module for e-filing of ITR kinds.
“Some days, it really works high quality, different days, some modules have technical glitches. The functioning has additionally improved in the previous few weeks, however issues nonetheless persist, making it tough for some taxpayers to file ITRs,” he stated.
The processing pace of the brand new e-filing portal additionally stays slower than the earlier model regardless of some enhancements because the launch of the portal, whereas ITR kinds for corporations, partnership companies and Restricted Legal responsibility Partnerships (LLPs) are nonetheless open for submitting. are usually not out there, Mr. Surana stated.
Whereas corporates have until November-December to file their returns, particular person taxpayers with totally different earnings sources are dealing with totally different challenges, with some CAs charging greater charges for submitting a profitable return .
A Mumbai-based accountant stated, “There are classes that require submission of a number of kinds earlier than submitting the return and the date of submission and acknowledgment is included within the ITR, however the fields for these particulars should be known as the ITR. has not been activated.” .
Given the glitches in lots of functionalities, the consumer interface of the brand new portal is especially tough because it follows a step-by-step method. “Within the earlier portal, we may fill the small print on totally different tabs of the return kind and fill them regularly until the time of submitting. Now, you can’t fill within the particulars for which you might have prepared entry, until all of the fields are stuffed in step one,” he defined.
“Among the orders uploaded on the portal just lately by the tax authorities are usually not downloadable as a consequence of its server points. There’s a downside within the registration of Digital Signature Certificates. We’re unable to file for adjournment within the ongoing analysis circumstances. There are nonetheless a variety of issues,” stated one other accountant.