Infosys stock hits new after update on e-filing: Over 3cr taxpayers complete transactions, 1.5cr ITR filed

The IT giant stated that over the last few weeks, the portal has seen steady increase in usage with taxpayers’ concerns being progressively addressed.

Sep 24, 2021 02:09 IST India Infoline News Service

Infosys has shared further updates on the progress it is making on the Income Tax E-Filing Portal. The IT giant stated that over the last few weeks, the portal has seen a steady increase in usage with taxpayers’ concerns being progressively addressed.

As per Infosys' statement, 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.

Data compiled by Infosys revealed that, in 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.

Infosys said that 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 highlighted that 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.

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.

At ariybd 2.42 pm, Infosys was trading at Rs1768.45  per piece up 1.5% on Sensex. The stock has hit a new 52-week high of Rs1787.50 per piece earlier today. 

Related Story

Open Free Demat Account (Rs699)