Income tax return: Here’s how ‘Jhatpat Processing’ will help you file your return

The last date for filing income tax for taxpayers, who do not require an audit, is December 31, 2020, and the date for those who need audit is January 31, 2021.

The income tax department has introduced a new initiative Jhatpat Processing to make the process of filing returns easier for taxpayers. The I-T department has asked taxpayers not to wait and file returns as early as possible ahead of the December 31 deadline for income tax return (ITR) filing for individuals.

According to the I-T department, the Jhatpat Processing feature will help individuals file their tax returns seamlessly. (Mint Photo)

According to the I-T department, the Jhatpat Processing feature will help individuals file their tax returns seamlessly. It has shared the procedure to file the return under the Jhatpat Processing, which has been started for ITR1 and ITR4, on YouTube. “Introducing Jhatpat Processing! File Karo Jhat Se, Processing Hogi Pat Se. Processing started for ITR-1 & 4,” the income tax department has tweeted.

The last date for filing income tax for taxpayers, who do not require an audit, is December 31, 2020, and the date for those who need audit is January 31, 2021. The income tax department extended the due date twice from July 31 and October 31, 2020, respectively amid the coronavirus pandemic.

Here’s who can avail the facility:

1. Assessees whose ITR is verified

2. Taxpayers whose bank account is pre-validated

3. Assessees who have no arrears to pay

4. Individuals who have no income discrepancy

6. And those who have no TDS or challan mismatch can use the new feature