Income Tax dept launches ‘Jhatpat Processing’ for quicker ITR filing: All you need to know
The Income Tax department has introduced a new initiative to smoothen the ITR filing experience for taxpayers. The ‘Jhatpat Processing’ feature will help individuals in filing tax returns quickly in a seamless manner.
The I-T department recently announced on Twitter that it has launched the new feature; it has already been started for ITR-1 and 4 forms and taxpayers can file their ITR by visiting the e-filing website.
“Introducing Jhatpat Processing! File Karo Jhat Se, Processing Hogi Pat Se. Processing started for ITR-1 & 4,” the tax department said on Twitter.
Individuals who are interested in using the new feature for ITR-1 can click here for a full video tutorial that has been uploaded on Youtube by the Income Tax Department. A separate video tutorial has also been uploaded for ITR-4 forms. The new feature will make the process of filing ITR easier, according to the tax department
According to the tax department, the feature will only be applicable to taxpayers whose ITRs are verified and bank accounts are pre-validated. Individuals must note that there should not be any arrears or income discrepancy and there should be no mismatch in TDS or challan.
It may be noted that the last date to file ITR for the financial year 2019-20 (AY 2020-21) is December 31, 2020. As of December 22, more than 3.82 crore people have filed ITR for AY2020-21. The last date to file ITR this year is December 31, as the date got extended multiple times due to Covid-19 pandemic.
In normal circumstances, taxpayers are usually supposed to file ITR by July 31. Earlier in May, the government had extended the ITR filing deadline from July 31 to November 30. However, it was against extended in October to December 31, 2020. Meanwhile, for those taxpayers whose accounts need to be audited, the deadline has been extended till January 31, 2021.
Taxpayers can file their ITR online through e-filing, for which the Income Tax department has established an independent portal.