BREAKING NEWS

BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first*** DA FOR BANKER FROM FEBRUARY 2023 SEE DETAILS CHART FOR OFFICER AND WORKMAN***Outcome of Today’s meeting with IBA - 31.01.2023***All India Bank Strike 27.06.2022******PLEASE VISIT INDIAN TOURISM CULTURE & HERITAGE *****NITI Aayog finalised names of Two public sector banks and one general Insurance Co. for privatisation****No economic reason to privatise PSU banks---post date 24.05.2021******Mobile users may soon be able to switch from postpaid to prepaid and vice versa using OTP*****India May Privatise or Shut 46 PSUs in First 100 Days, Says NITI Aayog's Rajiv Kumar----We should start with the banks*****Expected DA for Bank Employee from August 2019 is 24 slab to 29 slab*****RTGS time window from 4:30 pm to 6:00 pm. with effect from June 01.06.2019******WITHOUT CUSTOMER'S CONSENT BANK CAN NOT USE AADHAAR FOR KYC ----RBI***** Salient features of Sukanya Samriddhi Account---Who can open and how?******OBC posts 39% rise in Q4 profit, OBC readt tWITHOUT CUSTOMER'S CONSENT BANK CAN NOT USE AADHAAR FOR KYC ----RBI o take another Bank--MD MUkesh Jain*******DA FOR BANKER FROM NOV 2018 IS INCREASE 66 SLAB I.E 6.60%****40,000 STANDARD DEDUCTION IN YOUR TAX - IS A GREAT DRAM/BLUFF BY JAITLY SEE DETAILS+++++++Cabinet approves plans to merge PSU banks-The final scheme will be notified by the central government in consultation with the Reserve Bank. post date 23.08.2017****IBA to restrict the negotiations on Charter of Demands of Officers' Associations up to Scale-III only post dated 07.07.2017*****

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BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first****Outcome of Today’s meeting with IBA - 31.01.2023*********

Sunday, January 2, 2022

Income Tax Portal Still Remains the Worst Nightmare for CAs; But for Govt, ‘All is Well’

While the Union government says nearly 5.89 crore income tax returns (ITRs) have been filed on the new e-filing portal as on 31 December 2021, the website, developed and maintained by Infosys Ltd, continues to frustrate taxpayers and chartered accounts (CAs) from across the country. Many CAs contend that their plea, which was rejected by the ministry of finance, was not for an extension of the last date for e-filing of returns but had sought instead a remedy to the problematic e-filing portal. Many of them are venting out their frustration on social media.
 
In a hard-hitting letter last month to the finance minister Nirmala Sitharaman, the Surat-based Chartered Accountants Association, says, “...if the contract was awarded in January 2019, then even after the passing of 36 months, the front end of the new portal shows a brainless design with various missing drop-down menus, buttons and missing notifications, the backend database frequently loses data of various forms filed by the stakeholders, the migrated data of digital signatures is totally lost after which stakeholders took enormous pains to replenish the database with digital signature mappings again and the overall website developed is pathetic and hapless.”
 
“During these three years, the I-T department and the hired agency has not taken the task of development seriously and has instead developed a portal of a quality which can be developed even by college students in their summer projects. This shows either a severe cost-cutting at the agency’s end in the development and implementation part OR a flawed requirement with wavering mindset provided by the I-T officials to the development agency,” the letter says.
 
 
Till date, the ministry has given numerous extensions to Infosys to resolve the issues being faced by taxpayers and CAs. In fact, in August 2021, FM Sitharaman had even summoned the Infosys managing director (MD) and chief executive officer (CEO), Salil Parekh over continuing glitches on the new I-T e-filing portal.
 
Even in July last year, the finance minister had tagged Infosys, which is managing the new portal and the company’s co-founder Nandan Nilekani, urging them to ensure that the new I-T e-filing portal does not let taxpayers down. She had requested them to fix glitches in the new I-T e-filing website urgently and had appealed that easing compliance for taxpayers at the earliest should be prioritised.

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