Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

Over 3 crore Taxpayers Successfully Complete Transactions. 1.5 crore Income Tax Returns Filed

Posted On: 2021-09-23 13:11:12 (Time Zone: IST)


Infosys (NSE, BSE, NYSE: INFY), a global leader in nextgeneration digital services and consulting, today shared further updates on the progress it is making on the Income Tax E-Filing Portal.

Over the last few weeks, the portal has seen steady increase in usage with taxpayers' concerns being progressively addressed. Thus far, over 3 crore taxpayers have logged into the portal and successfully completed various transactions. Even as the portal makes sustained progress with crores of taxpayers successfully performing transactions, the Company acknowledges the difficulties some users continue to experience and is working expeditiously, in collaboration with the Income Tax Department, to further streamline end-user experience.

During the month of September, on average, more than 15 lakh unique taxpayers have logged into the portal, daily, and over 1.5 crore returns have been filed till date. Over 85 percent of taxpayers who have filed their returns have also completed their e-verification, largely through Aadhaar OTP authentication. The portal is facilitating over 2.5 lakh returns filing on a daily basis and ITR 1, 2, 3, 4, 5, and 7 are now available for filing. A majority of the statutory forms have also been made available online. Several critical statutory forms like 15G, 15H, EQ1, 10A, 10E, 10IE, DTVSV, 15CA, 15CB, 35 as well as TDS Returns are being filed in large numbers. More than 11.5 lakh statutory forms and over 8 lakh TDS returns have already been filed. Taxpayer services such as e-proceedings, response to notices and demands, e-PAN services, DSC registrations, and functionality for legal heir, have also been enabled. Over 16.6 lakh e-PANs have been allocated. 4.3 lakh DSC registrations and over 3.44 lakh e-proceeding responses to notices have also been completed.

Even as it makes steady progress, Infosys recognizes the ongoing challenges faced by some users and has engaged with more than 1200 taxpayers directly to better understand their concerns. The Company is focused on rapidly resolving these challenges while working closely with the Chartered Accountant community to ensure that a comprehensive set of user scenarios are supported and thoroughly tested before deployment. Infosys remains committed to making rapid progress and has currently dedicated more than 750 resources to this project to complete significant portions of work, in collaboration with officials from the Income Tax Department. Infosys takes pride in partnering with the Government of India and continues to work closely with various departments to accelerate the digital evolution of the country's technology capabilities.

Shares of Infosys Ltd was last trading in BSE at Rs. 1716.65 as compared to the previous close of Rs. 1717.7. The total number of shares traded during the day was 100746 in over 4238 trades.

The stock hit an intraday high of Rs. 1738.75 and intraday low of 1713.05. The net turnover during the day was Rs. 173919806.


Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Coforge Limited - Q2 FY22 Highlights

Marquee global long-term investors subscribe to Deepak Fertilisers' QIP

Cyient recognized as a Major Contender in the inaugural Everest Group PEAK Matrix® for 5G Engineering Services

NILE Ltd receives APPCB order for operating expanded capacity at Tirupathi Lead recycling plant

Ramkrishna Forgings Ltd wins order in Driveline segment from leading Scandinavian Automotive OEM

Hindustan Media Ventures Limited to participate in tender for new IPL team

Tata Power achieves milestone of more than 1000 EV charging stations across the country

TVS Motor Company to partner with Bahwan International Group to strengthen its presence in Iraq

Acrysil Ltd commences commercial production of expanded capacity

Coforge Limited Board declares Second Interim Dividend of Rs. 13

Coforge Ltd posts consolidated PAT of Rs. 146.7 crore in Q2FY22

Lupin makes a hearty entry into Guinness World Records

IRCON hands over Jaynagar - Kurtha cross border rail section between India and Nepal

Apollo Tyres Ltd brings in premium tyre brand Vredestein to India

Asian Hotels North Limited appoints Mr. Ashish Dhanuka as additional director

Athena Global Technologies Ltd posts consolidated Q2FY22 loss of Rs. 1.18 crore

Automotive Stampings and Assemblies Ltd Q2FY22 net profit at Rs. 40.21 lakhs

Sahyadri Industries Ltd posts Rs. 11.84 crores PAT in Q2FY22

MCX reports consolidated PAT of Rs. 32.66 crore in Q2 FY2021-22

Rudra Global Infra Products Ltd consolidated Q2FY22 PAT higher at Rs. 2.10 crore

Gujarat Containers Ltd posts Rs. 1.59 crore PAT in Q2FY22

HGS drives employment across Northern Ireland

Minda Industries Ltd approves additional investment in SPV

Godawari Power And Ispat Ltd increses stake in Hira Ferro Alloys Ltd to 52.79%

Suraj Industries Ltd Q2FY22 PAT at Rs. 81.88 lakhs

ICICI Bank Q2FY22 consolidated PAT climbs to Rs. 6091.84 crore

Tatva Chintan Pharma Chem Ltd Q2FY22 consolidated PAT surges to Rs. 32.41 crore

Sportking India Ltd updates on expansion project

Jasch Industries Ltd Q2FY22 PAT rises to Rs. 4.07 crore

Kkalpana Industries India Ltd Q2FY22 consolidated PAT higher at Rs. 13.45 crore

Gothi Plascon India Ltd Q2FY22 PAT at Rs. 58.52 lakhs

Sportking India Ltd reports surge in Q2FY22 PAT to Rs. 110.16 crore

Seshasayee Paper and Boards Ltd posts Rs. 27.49 crore consolidated PAT in Q2FY22

Vimta Labs Ltd reports consolidated Q2FY22 PAT of Rs. 9.74 crore

Orient Electric Ltd posts Rs. 34.77 crores PAT in Q2FY22

Chalet Hotels Ltd enters into settlement with HAL for Koramangala project

S E Power Ltd posts consolidated loss of Rs. 40.03 lakhs in Q2FY22

IRB InvIT Fund to distribute Rs. 2.20 per unit for Q2FY22

PSP Projects Ltd receives award at the 19th Construction World Annual Awards, 2021

Gayatri Tissue and Papers Ltd Q2FY22 PAT at Rs. 0.32 lakhs

ZF Steering Gear India Ltd posts net profit of Rs. 5.70 crore in Q2FY22

Dodla Dairy reports Q2FY22 earnings

Krebs Biochemicals & Industries Ltd board approves issue of preference shares

Greaves Electric Mobility acquired 100% stake in E-Rickshaw Company Bestway

TVS Motor Company wins India Green Energy Award

Zuari Agro Chemicals Limited announces shutdown of NPK plants

Metropolis Healthcare completes acquisition of chain of labs in South India called 'Hitech Diagnostic Centre'

Ravi Kumar Distilleries Ltd resumes operations at factory

JK Cement Ltd and PRESPL sign a Strategic MoU to Curate a 'Decarbonisation Path', envisioned for Decade and Beyond

Bank of India opens first ever branch in Leh


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020