Jhatpat Processing’ feature launched by the Income Tax department for faster ITR filing- Read details here

Jhatpat Processing’ feature launched by the Income Tax department for faster ITR filing- Read details here

The I-T department announced the new initiative for easier filing of tax returns; feature already started for ITR-1 and ITR- 4.

  • As the last date for filing income tax returns for the fiscal year 2019-20 approaches, the Income Tax department has come up with a new scheme to smoothen the experience of income tax return filing for the taxpayers.
  • The I-T department announced the measure called ‘Jhatpat Processing’ on Twitter by the following post - “File Karo Jhat Se Processing Hogi Pat Se”. The department also reminded the taxpayers to file their returns on the website incometaxindiaefiling.gov.in by December 31st for the assessment year (AY) 2020-2021.
  • The initiative has been notified under the e- filing and Centralized Processing Centre or CPC 2.0 Project which was started by the government in January 2019. The ‘Jhatpat Processing’ feature has already started for ITR - 1 form also known as ‘Sahaj’ and ITR - 4 or Sugam form.

It is imperative to note that the due date for filing ITR for taxpayers not requiring audit is 31st December 2020. For the taxpayers who require an audit, the last date for filing ITR is 31st January 2021.

Who Can use Jhatpat Processing?

Only those taxpayers can make use of the Jhatpat processing feature who meet the following conditions:

1. Bank accounts are pre-validated

2. ITRs are verified. 

3. No arrears or income discrepancy.

4. No mismatch of TDS and Challan


How to use the new feature?

  • The Income-tax department has uploaded video tutorials on Youtube to guide the taxpayers on how to file ITR 1 and ITR 4 and make the e-filing process seamless and quicker. As mentioned in the video, the e-filing of income tax can be done on the website https://www.incometaxindiaefiling.gov.in/ or by using the offline utility.
  • Before filing, certain documents are required which are a PAN card, Form 16 issued by the employer, Form 26 AS, Bank Statement, and Aadhar card number or Enrolment ID.

For online ITR filing of ITR 1, here are the steps to be taken:

1. Go to the e-filing homepage

2. Click the link to log in

3. Enter PAN number as a User ID

4. Enter the password and Captcha Code

5. Log in to file the return

6. Click the link on the dashboard to open the ITR filing page

7. On the ITR filing page, fill up the required details like Assessment Year, Form Number, Filing type, and Submission Mode.

8. Select the pre-validated bank account in which the refund will be submitted

9. Select Continue

10. Tick on the "I agree" box and click "continue"

  • The experience has been made hassle-free by providing pre-filled data like personal details, income details, deduction, bank account, and tax details. The Sahaj form or ITR 1 form is for resident individuals having income up to INR 50 Lakhs from salary, one house property, interest income, and agricultural income up to INR 5000.
  • The pre-filled details can be edited and additional details can be added as per the taxpayer’s choice. After verification of the details, the preview is available to recheck the information and subsequently, the form can be submitted if there are no errors.
  • For offline mode, the form can be downloaded under Microsoft Excel or JAVA column of the IT return Preparation Software in the ITR -1 row. The pre-filled XML option can be selected for downloading. The relevant details like AY, ITR form number, and bank account can be selected and the forms will be downloaded. Like in online mode, the pre-filled data should be checked and other details can be added if necessary. After validating all information, an XML of the return form has to be created which is submitted on the e-filing website on the ‘submission mode’ option.
  • ITR 4 form (Sugam) is the return form for resident individuals, Hindu Undivided Families and firms other than LLPs (Limited Liability Partnership) who have opted for a presumptive income scheme and who have income not exceeding 50 lakhs computed under Section 44AD, Section 44ADA and Section 44ADE.
  • A video tutorial has been uploaded by the I-T Department on Youtube to guide the taxpayers on how to file ITR under the Sugam form.

Extension of ITR deadline

  • In a usual year, the due date for filing ITR is 31 July. However, in view of the pandemic this year, the Central Board of Direct Taxes (CBDT) first extended the due date to November 30 and then to December 31. The CBDT said the deadlines have been extended in order to provide more time to taxpayers for furnishing of Income Tax Returns. 
  • The IT department’s tweet also pointed out that more than 4.06 crore Income Tax Returns for AY 2020-21 have already been filed till the 25th of December, 2020.

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