It will be a boon for taxpayers because the tax Department has activated the Aadhar and web banking-based e-filing verification system for taxpayers to file 1st charm before a tax officer. The tax Department has reduced the interface between tax-payer and tax man by activating this facility on the official e-filing portal.
One Electronic Verification Code is wont to validate one type regardless of the assessment Year. ECV are going to be hold on against the PAN Card and alternative verification details of the assesse. The ECV are going to be valid for seventy two Hours.
ECV works by generating just the once parole (OTP) by victimisation the Aadhar information or web banking facility of the tax filer. This OTP afterwards sent to the mobile range or email id mere by entity for validation and to continue the method of e-filing.
A filer will use the ability of filing charm type by victimisation the digital signature on the official web site of tax department: http://incometaxindiaefiling.gov.in/.
Income Tax Department has re-formatted the Form-35(appeal form) so as to form it straightforward for tax filer/entity to transfer it electronically.
The assesses will suggests their grievances in four stages starting with the start with the Commissioner of IT (Appeals), the tax proceeding judicature (ITAT), the court and at last the Supreme Court. The new type are going to be applicable for the Commissioner of IT (Appeal) and for the taxpayers WHO file e-returns.
It will reduce the burden of compliance on the taxpayers in appeals court proceedings. The main advantages of e-filing verification system are:
- It will reduce human interface.
- Reduce Paperwork.
- Decrease the transaction cost for tax-payer.
- Consistent and Error free validations.Fixation of hearing appeals electronically.
- Fixation of hearing appeals electronically.