Income Tax in Media

New ITR e-filing portal 3.0 to be launched soon

The e-filing ITR portal for income tax is about to undergo a revamp with ‘substantial’ changes that are more friendly for taxpayers. As per ET Wealth Online sources, an internal circular from the tax department, which is not publicly available, dated October 8, 2024 stated,, “The operations phase of the existing Integrated e-filing and Centralised Processing Centre (IEC) 2.0 is coming to an end and the process of bringing in a new Project, Project IEC 3.0 (that shall replace the existing Project IEC 2.0) has already been initiated.”