income tax systems work more reliably, the Central Board of Direct Taxes (CBDT) has awarded the Taxnet 2.0 project to Bharti Airtel. As per a press release by CBDT on July 19, 2024, this collaboration with Airtel is aimed at providing network connectivity, facility management services, and video conferencing solutions to the Income Tax Department.
Experts say that this project can make the e-filing ITR portal work faster, as currently it is plagued with various network-related glitches and issues.
«Recently many taxpayers faced issues while using the online facility for ITR filing as opening each page of the tab was taking substantial time. We can expect that in the next season of ITR, taxpayers may find the e-filing portal's interface to load at a faster speed,» says Mihir Tanna, Associate Director-Direct tax, S.K Patodia & Associates LLP.
However, it is unlikely that Taxnet 2.0 will help taxpayers who are chasing the deadline of July 31 this year. Going forward user experience is likely to improve in future seasons of ITR filing.
Read below to find out what other tax services is going to improve due to the Taxnet 2.0 project.
No tax rebate u/s 87A allowed on short term capital gains from equities despite being eligible, what experts demand from govt
In comparison to the Taxnet 1.0 project, Taxnet 2.0 aims to ensure smooth and uninterrupted access to the income tax systems including its functionalities and websites. This feature is especially
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