......E-filing of tax return has undoubtedly eased the process by bringing in transparency and visibility. Individuals no longer need to stand in long queues to file their return; in fact, it is now mandatory to file online if the taxable income exceeds Rs 5 lakh. The return forms, with relevant instructions, are available on the official Web site. To make e-filing more user-friendly, the department plans to introduce electronic PIN-based verification from this year. This will help ease the post-filing requirement of sending a hard copy of the acknowledgment ITR-V to the Centralised Processing Centre in Bangalore. The new portal will also provide pre-filled information, such as tax credits, in the form. This will help speed up the refund process...........
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