According to the finance ministry around 1.64 crore people
has filed their taxes through online portal for the financial year 2011-12. It
is expected, that this number is further set to rise. Indian Government has
been promoting to fill taxes online through various medium, the most common
being the ads coming out in the TV.
Looking closely one can find that there exist few advantages
to file Income Tax online rather than filing it through the regular mode. To
help the readers to know more about the benefits we present below the
advantages of filing Income Tax through the e-way.
1. One of the biggest advantages of online tax filing is the
convenience. One can file their taxes anytime and at any place. The person
doesn’t even need to take an appointment of any tax professional in order to
get the returns filed thereby saving time and cost on communication and
traveling.
2. One can go to the Income Tax’s home site and file their
returns which are one of the most secured fool proof and technologically
up-to-date site. Moreover, while filing one doesn’t need to pay any charges as
the whole process is free of cost.
3. Through the online way, the person has to register
himself and only after successful registration he will be given an encrypted id
and password which only he will be able to view.
4. Generally, online tax returns are processed at a faster pace
than income tax filed in the regular way, hence refunds are paid more quickly.
5. One can’t submit the income tax returns after 6:00PM
which makes it very difficult for the salaried professionals. While in the case
of online tax filings the salaried professional can file their IT returns at
their convenient time.
Filing of tax returns through the internet route will make
the process of tax filing faster, simpler and more convenient for people in
days to come.
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