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HomeBusinessITR Replace: Revenue Tax portal seeing regular progress, says Infosys CEO

ITR Replace: Revenue Tax portal seeing regular progress, says Infosys CEO

New Delhi: Below hearth for technical glitches plaguing the brand new revenue tax return submitting portal, Infosys CEO Salil Parekh on Wednesday mentioned the brand new portal developed by his firm is seeing “steady progress” and already 1.9 crore returns have been filed.

He additional mentioned that taxpayers’ issues are being “progressively addressed”. “We are seeing a steady progress on the income tax system. As of yesterday we had over 1.9 crore returns that have been filed using the new system. Today the income tax return Forms 1 to 7 are all functional. Most of the statutory forms are available on the system,” Parekh instructed reporters after the corporate’s outcomes for the second quarter had been introduced.

He, nevertheless, didn’t say by when will technical glitches be totally resolved and all capabilities on the portal will probably be obtainable to tax filers.

Parekh talked about that 3.8 crore customers have accomplished numerous transactions and that 2-3 lakh returns are getting filed day by day.

“Over the past month, the portal has been further bolstered…The system has seen steady increase in usage over the past few weeks, and the taxpayers concerns are being progressively addressed,” Parekh assured.

To make sure a easy submitting expertise for customers, Infosys has constantly engaged with greater than 1,200 particular person taxpayers, Parekh mentioned including that the corporate during the last a number of months, has additionally been working carefully with the Chartered Accountant group to make sure that a complete set of consumer situations are “supported and thoroughly tested before deployment”.

Parekh mentioned the corporate stays dedicated to creating additional progress, and is assured of making certain a seamless expertise for all of the taxpayers.

“We take pride in partnering with the government and continue to work closely with various departments to accelerate the digital evolution of the country’s technology capabilities,” he mentioned.

Infosys, on a multi-crore contract from the tax division, developed the brand new portal nevertheless it was affected by glitches from the very first day of its launch on June 7.

The primary assembly between Infosys executives and Finance Ministry officers happened on June 22 for understanding points confronted by the stakeholders and taxpayers on the IT portal.

As glitches proceed to mar the functioning of the portal, Finance Minister Nirmala Sitharaman summoned Infosys CEO on August 23, and gave the IT main time until September 15 to get the portal so as.

Nevertheless, whereas there have been some enhancements in its functioning, points nonetheless endured on the portal, tax specialists say.

Infosys was in 2019 awarded a contract to develop the brand new submitting portal to switch the previous one to cut back the processing time from 63 days to 1.

The brand new portal was alleged to be taxpayer-friendly, permitting expedited refunds.

The finance Ministry has already prolonged twice the due date of submitting tax returns and associated varieties for all taxpayers. It has additionally relaxed the requirement for obligatory utilization of digital signatures in sure instances. Additionally Learn: ZEEL-Invesco case: Reliance assertion confirms merger proposal with Zee, continuation of Punit Goenka as MD & CEO

For particular person taxpayers, the prolonged FY21 ITR submitting deadline is December 31, 2021. Additionally Learn: Air India-Tata deal: AI unions elevate issues about money, lodging, different advantages

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