Income Tax return: Government issues big clarification on ITR process

Taxpayers, who have filed documents through e-filing account and followed faceless assessment proceedings, do not require e-verification and digital signature, the central government has stated. This has come as the extended due date of Income Tax Return filing on December 31 is approaching.

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To make tax compliance more convenient, per-filled income tax returns (ITR) have been provided to individual taxpayers. The ITR form now contains pre-filled details of certain incomes such as salary income and the scope of information for pre-filling is being further expanded.

More than 3 crore Income Tax Returns have been filed on the new e-filing website of the Income Tax Department as on December 3, 2021. The number of ITRs filed per day is over 4 lakh, Ministry of Finance said in a statement.

The Income Tax Department strongly urges all taxpayers to view their Form 26AS and Annual Information Statement (AIS) through the e-filing portal to verify the accuracy of the TDS and Tax Payments and avail of pre-filing of ITRs. It is important for taxpayers to cross check the data in the AIS statement with their bank passbook, interest certificate, Form 16 a nd capital gains statement from brokerages in case of purchase and sale of equity or mutual funds, the Ministry of Finance said in the statement.