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Earnings tax division introduces JSON utility for AY 2021-22 ITRs, discontinues Excel/Java

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JSON utility, AY 2021-22, ITR, ITR-1 and ITR-4, CBDT, tax filing, new formsCBDT additionally states that the Import of Prefill file is necessary in utility and has notified that utilities for ITR-1 and ITR-4 can be found to customers for obtain.

The tax submitting season for the evaluation yr 2021-22 has begun with the beginning of the brand new monetary yr from April 1. Taxpayers are required to file their earnings tax return (ITR) of the monetary yr 2020-21 by July 31, 2021, until the federal government goes for an extension of the final date of ITR submitting. From AY 2021-22, the earnings tax division has discontinued the Excel and Java model of ITR utilities. Instead of the Excel and Java model of ITR utilities, the CBDT has launched JSON utility and launched a step-by-step information for utilizing the brand new utility.

“Notably, the offline utility, primarily based on new know-how JSON (JavaScript Object Notation), has been enabled just for ITR 1 and ITR 4, different ITRs will likely be added within the subsequent releases. A step-by-step information for utilizing the mentioned utility has been issued, giving directions as to its set up and utility. The taxpayers shall must obtain the pre-filled information from the earnings tax e-filing portal and import the identical on the brand new utility, which allows customers to edit and save returns, pre-filled information and profile information,” says Neha Malhotra, Director, Nangia Andersen India.

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CBDT additionally states that the Import of Prefill file is necessary in utility and has notified that utilities for ITR-1 and ITR-4 can be found to customers for obtain and the utility for different ITRs will likely be enabled shortly.

“The Earnings Tax Division has notified that the next releases could have a questionnaire-based performance that can assist taxpayers to determine which ITR is relevant to them. Additional, it shall allow the taxpayers to pay taxes, confirm and add the ITR by way of the utility itself,” provides Neha.

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The CBDT has been working incessantly to simplify procedures and to create a taxpayer-friendly tax regime. In line with Nangia Andersen LLP, “The brand new utility is a user-friendly performance for submitting of returns and can afford higher ease to the taxpayers. The utility itself offers assist in the type of FAQs, steerage notes, circulars and provisions of the legislation in order to allow hassle-free return submitting. The Authorities’s efforts, to construct a beneficial tax regime for taxpayers can’t be disregarded. Augmenting simplicity and eradicating impediments will go a great distance in growing compliance and facilitating good governance.”

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