News »Browse Articles »
e-filing of I-T returns catches up, July sees 1 lakh new users
0
e-filing of I-T returns catches up, July sees 1 lakh new users
There is a sharp rise in the number of people filing income-tax returns online after the income-tax department clarified that there is no need to provide unique transaction number (UTN) this year.
3i Infotech Consumer Services, a subsidiary of Mumbai-based 3i Infotech, which is the only company handling e-filing of I-T returns of individual taxpayers, said the number of registrations has crossed 3 lakh, with around 1 lakh new users registering for e-filing their tax returns in July. In 2008-09, the total number stood at 2 lakh.
The unique transaction number was supposed to be given out by the I-T department to employers, who paid tax for the year 2008-09. The department, though made it mandatory for taxpayers to quote the transaction number while filing returns, could not provide the unique number to employers.
3i Infotech is the only certified authority to provide online tax returns facility to individual customers. There are seven other certified authorities that offer digital signature services to companies and institutions. These include Tata Consultancy Services, Sify, Ncode (a Guajarat government-promoted company), Mahanagar Telephone Nigam (MTNL), customs/excise departments, Institute for Development and Research in Banking Technology (IDRBT) and National Informatics Centre (NIC).
“For a long time, we did not see good response because the income tax authorities had not clarified the unique transaction number issue. But after they clarified, we are seeing almost 7,000 registration everyday, with around 3,000-3,500 people filing returns,” said Ravi Jagannathan, managing director and CEO of 3i Infotech Consumer Services.
In May, income tax department had sent out a notice, asking all those filing income tax returns to provide the UTN, a number that was not provided to the employers and employees through the years 2008-09 for paying taxes. The circular did not clarify as to what happens if a person filing tax did not provide the unique transaction number. That was the reason why a majority of them had not filed the tax returns till the end of May.
3i Infotech also provides digital signature for individuals to file tax returns online, which requires a one-time provision of photo identity and address proof. "But we are not encouraging people to opt for buying digital signatures now because we are so close to the deadline. Collection of proofs and documents takes times. After filing returns online, one has to take a printout of the ITRV form and mail or courier it to collection centre," added Jagannathan.
Source:
http://www.mydigitalfc.com/news/e-filing-i-t-returns-catches-july-sees-1-lakh-ne
3i Infotech Consumer Services, a subsidiary of Mumbai-based 3i Infotech, which is the only company handling e-filing of I-T returns of individual taxpayers, said the number of registrations has crossed 3 lakh, with around 1 lakh new users registering for e-filing their tax returns in July. In 2008-09, the total number stood at 2 lakh.
The unique transaction number was supposed to be given out by the I-T department to employers, who paid tax for the year 2008-09. The department, though made it mandatory for taxpayers to quote the transaction number while filing returns, could not provide the unique number to employers.
3i Infotech is the only certified authority to provide online tax returns facility to individual customers. There are seven other certified authorities that offer digital signature services to companies and institutions. These include Tata Consultancy Services, Sify, Ncode (a Guajarat government-promoted company), Mahanagar Telephone Nigam (MTNL), customs/excise departments, Institute for Development and Research in Banking Technology (IDRBT) and National Informatics Centre (NIC).
“For a long time, we did not see good response because the income tax authorities had not clarified the unique transaction number issue. But after they clarified, we are seeing almost 7,000 registration everyday, with around 3,000-3,500 people filing returns,” said Ravi Jagannathan, managing director and CEO of 3i Infotech Consumer Services.
In May, income tax department had sent out a notice, asking all those filing income tax returns to provide the UTN, a number that was not provided to the employers and employees through the years 2008-09 for paying taxes. The circular did not clarify as to what happens if a person filing tax did not provide the unique transaction number. That was the reason why a majority of them had not filed the tax returns till the end of May.
3i Infotech also provides digital signature for individuals to file tax returns online, which requires a one-time provision of photo identity and address proof. "But we are not encouraging people to opt for buying digital signatures now because we are so close to the deadline. Collection of proofs and documents takes times. After filing returns online, one has to take a printout of the ITRV form and mail or courier it to collection centre," added Jagannathan.
Source:
http://www.mydigitalfc.com/news/e-filing-i-t-returns-catches-july-sees-1-lakh-ne
