Tax Audit Report Utility to be made available by 1st week of July 2021 on Income Tax Portal 2.0

Tax Audit Report Utility to be made available by 1st week of July 2021 on Income Tax Portal 2.0 As per the ICAI Press Release dated 22nd June 2021 the MOF [Ministry of Finance] today organized 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. You May Also Refer: MOF spent Rs 4242 Crores on New Income Tax Portal that crashed within an hour 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. [caption id="attachment_100864" align="aligncenter" width="1280"] Tax Audit Report Utility to be made available by 1st week of July 2021 on Income Tax Portal 2.0[/caption]