ITR ‘Lite’ e-filing launched: How to login? All you need to know
New Delhi: The Income Tax Department has been continuously working towards increasing the ease of filing income tax returns for all the eligible taxpayers by extending the last date of filing ITR and introducing a slew of other measures which can reduce a few obligatory steps in ITR filing process. The Income Tax Department also advises the taxpayers to file the income tax returns on or before August 31, 2019, in order to avoid a last-minute rush.
Yesterday itself, the Income Tax Department has launched a ‘Lite’ e-filing facility for filing the income tax returns primarily in a move to introduce a designated portal with which the taxpayers can file the income tax returns more easily and quickly.
What is ITR ‘Lite’ e-filing?
The ‘Lite’ e-filing facility has been incorporated by the Income Tax Department on its official portal, https://www.incometaxindiaefiling.gov.in. The ‘Lite’ e-filing facility can be accessed by any taxpayer by visiting the Income Tax Department website and clicking on ‘Quick ITR Filing’ under ‘Quick Links’. The ‘Quick ITR Filing’ link can be easily identified on the website’s homepage as it is blinking with multiple colours and has been marked with a ‘New’ tag.
“Income tax department is launching ‘e-Filing Lite’, a lighter version of e-filing portal with a focus on filing of Income Tax Return (ITR) by the taxpayers. The same can be accessed by clicking ‘e-Filing Lite’ button in home page. The current e-Filing portal having all the services can be accessed by clicking on ‘Portal Login’ button,” Income Tax Department said in an official communication.
Services including the filing of ITR and e-verification, facility to download pre-filled XML, view Form 26AS, view e-filed income tax returns (without XML/ITR/ITR-V download options) are available on the e-filing Lite portal of Income Tax Department. The full version of the portal can be accessed by clicking the “Portal Login” button in e-filing home page, advises the Income Tax Department.
Several conventional facilities such as e-nivaran, e-proceeding, profile setting, worklist and compliance have not been included in the Lite e-filing facility. A user willing to access these facilities can do so by logging in the standard version of e-filing facility. The ‘lite’ version of ITR e-filing facility is aimed to enable easy and quick ITR filing by all categories of taxpayers, news agency PTI said in a report citing an unnamed official.
How to login at ITR ‘Lite’ e-filing portal?
The ITR ‘Lite’ e-filing portal can be accessed by upon the successful login. A user can either login by providing PAN card number, password, captcha code or by clicking on the e-filing login via net banking facility.
All the public sector banks including Allahabad Bank, Andhra Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Dena Bank, IDBI Bank, Indian Bank, Indian Overseas Bank, Oriental Bank of Commerce, Punjab National Bank, Punjab and Sind Bank, State Bank of India, Syndicate Bank, UCO Bank, Union Bank of India, United Bank of India, Vijaya Bank, and Corporation Bank provide the facility of login at e-filing via net banking.
The private banks which allow to access the e-filing tax via net banking channel are Axis Bank, DCB Bank, Equitas Small Finance Bank, HDFC Bank, ICICI Bank, Jammu and Kashmir Bank, IndusInd Bank, Karnataka Bank, Kotak Mahindra Bank, South Indian Bank, The Federal Bank, Karur Vysya Bank, Yes Bank and City Union Bank.
Filing ITR? Key things you must know
The I-T Department has also started levying a penalty on the income tax returns filed beyond the tax filing due date. The said decision has been taken to introduce a monetary pinch on the taxpayers who are missing the income tax filing deadline even after getting an extension. The Central Board of Direct Taxes (CBDT) has mandated a penalty of Rs 5,000 on the ITRs filed after the due date up to December and Rs 10,000 the ITRs filed beyond December. The smaller taxpayers with a taxable income of up to Rs 5 lakh are required to a penalty of Rs 1,000.
The CBDT has extended the ITR filing last date to August 31, 2019, from the previous ITR filing deadline of July 31, 2019. The decision to extend the last date to file ITR is likely being taken after assessing a large number of taxpayers in India as some salaried individuals have yet not received Form 16 from their respective employers.
“The due date for filing of Income Tax Returns for Assessment Year 2019-20 is 31.07.2019 for certain categories of taxpayers. Upon consideration of the matter, the Central Board of Direct Taxes(CBDT) extends the ‘due date’ for filing of Income Tax Returns from July 31, 2019, to August 31, 2019, in respect of the said categories of taxpayers,” the finance ministry said in a statement on Tuesday, July 23, 2019.