lukesh sethiJun, 20 2021 12:34 PM
The Income Tax department today launched new portal for filing of Income tax Return www.incometax.gov.in
This new portal will substitute of existing portal www.incometaxindiaefiling.gov.in. In this new portal, all the transaction information is linked to PAN. So Department will be having all information related to your income from all financial institutions, banks, nbfc, demat accounts. The below income & transactions will be reflected in your new portal :
The income tax department has already data exchange information agreement with all other department like GST Department, State Revenue Department for property transaction details, Stock Exchange and Commodity Exchanges.
So No information can be escaped from Income tax department now a days. So it will be better to engage professional firms or CA for filing of Income tax return instead of filing by yourself through online websites so that tax filing can be done with proper tax planning and tax calculation.