ITR-2 Online e-Filing Enabled: Late Yet Riddled with Glitches, says CAs and Tax Filers

ITR-2 E-Filing Commences: Relief Tempered by Initial Hiccups

The Income Tax Department has finally activated the online portal for e-filing of ITR-2, a form primarily used by individuals and Hindu Undivided Families (HUFs) with income from sources other than profits and gains from business or profession. While the launch brings relief to taxpayers scrambling to meet deadlines, early reports suggest a somewhat bumpy start.

Technical Glitches Reported by Tax Professionals and Filers

Chartered Accountants (CAs) and individual taxpayers are already reporting issues with the newly launched portal. These range from minor inconveniences to potentially significant problems affecting the accuracy of tax calculations.

• Many users have flagged difficulty in declaring exemptions like House Rent Allowance (HRA) and Leave Travel Allowance (LTA) within the salary breakup section.
• The exempted amount field, critical for accurate calculation of tax liability, reportedly becomes visible only during the editing process, leading to confusion and potential errors.
• This design flaw has sparked frustration among taxpayers who find it difficult to accurately represent their exemption claims.

Experts Advise Caution and Double-Checking

Tax experts are urging filers to exercise caution and thoroughly verify all entries before submitting their ITR-2. Double-checking is crucial, especially regarding exemption claims, to avoid potential discrepancies and future notices from the Income Tax Department.

While the Income Tax Department is expected to address these glitches promptly, it is advisable to stay updated on any announcements or patches released by the department. Remember, meeting the filing deadline is important, but accuracy is paramount. Ensure all details are correct before submitting your return.