The Ministry of Finance had conducted a meeting with Infosys, tax professionals and other stakeholders on 22nd June 2021. While appreciating the role of ICAI and its president Shri Jambusaria and the ICAI’s positive contribution in giving shape to today’s meeting, the Finance Minister complimented them for providing specific nuanced inputs lying between the intersection of technology and taxation.
As such, the Finance Ministry had asked ICAI to constitute a task force of 7 representatives to look into the technical glitches/issues being faced on the new Income Tax portal. Read the official announcement issued by ICAI below:
Public Relations Committee
The Institute of Chartered Accountants of India
22nd June, 2021 ICAI Press Release
Meeting organised by the Ministry of Finance on New Income Tax e-filing portal
The Ministry of Finance, Government of India today organised a meeting to review the glitches and issues related to the New Income Tax e-filing portal. The new IT portal has been facing issues ever since its launch on June 7, 2021. The meeting arranged today was chaired by Smt. Nirmala Sitharaman, Hon’ble Minister of Finance & Corporate Affairs and graced by Shri Anurag Singh Thakur, Hon’ble Minister of State for Finance & Corporate Affairs. Also, present were Shri Tarun Bajaj, Revenue Secretary, Shri Jagannath Mohapatra, CBDT Chairman and top Finance Ministry officials.
The Ministry of Finance had asked ICAI to constitute a task force of 7 representatives to look into the technical glitches / issues being faced on the new Income Tax portal. Accordingly, taking cognizance of the matter, a team of 7 members was constituted by CA. Nihar N Jambusaria, President, ICAI to analyse the issues being faced reg. new portal.
Today, the team of ICAI in the presence of CA. Nihar N Jambusaria, President, ICAI made presentations on different issues being faced on New Income Tax e-filing portal. The officials from CBDT and Infosys were very receptive about the issues being conveyed by ICAI. They assured that the issues will be taken care of and shall be resolved at the earliest.
We believe this process will be almost complete in a phased manner and problems will be resolved on daily basis. For Tax Audit Report, which is awaited by CAs, utility shall be available by 1st week of July, 2021.
During the meeting, ICAI has been asked to provide its continuous support & inputs to CBDT and Infosys, in resolving the issues, as early as possible. The Income Tax Department said that the new portal was aimed at making compliance more taxpayer-friendly, however the technical glitches shall be addressed fast, for convenience of all.