You would have noticed an inordinate delay in our ‘Turnaround time’ and our asking for additional information at the last minute. This will definitely irk our professional clients, who are organized and are very prompt in submission of details. So, what ails our inefficiency this time?
Let me voice some, before you condemn us outright!
- Some of the existing schedules have been modified
- New schedules have been added, asking for additional information,
- The new forms have incorporated changes as envisioned in the budget of 2018-19,
- The forms also need greater details, like, nature of income from other sources or nature of exempt income,
- Even the basis of ‘residency’ residential status,
- Residents will have to state period of stay in India,
- Not Ordinary Residents and Non Residents, will also have to share greater details of period outside India, Tax payer Identification number of country of residence,
- Additionally, stock holding, Directorship, bank details, assets details of all holdings outside India have to now be disclosed in the ITR.
This is not all, wait!
- The IT utility, the software which is an excel or java based software that needs to be filled up and needs to be uploaded on the IT site, has become a major challenge,
- It has not been made available on time and is being frequently changed/amended,
- These were made available in June 2019,
- They have been frequently throwing up mistakes like incorrect computation,
- Long Term Capital Gain Tax was being wrongly calculated till July 2019,
- Since the utility is being amended almost on a weekly basis, if you park the calculations and update it after collecting all data, which most of us do, it shows an error and the entire effort is wasted and has to be redone,
- Then again, the utility forces you to take the departments interpretation, even though a judicial pronouncement exists to the contrary,
- The tax payers are receiving notices for additional demand, as the ITR has been filed using the earlier utility and the revised utility has modified the demand, this is like adding insult to injury!
- Then the final nail is the bugs and the challenge in network bandwidth.
This has made tax filing a fairly complex and daunting experience and we will, as always, look forward to provide better support in future.
