Process to Update Income Tax Profile Details

Process to Update Income Tax Profile Details

Developed by Infosys, this new user-friendly portal is now used to file income tax online and do all the related tasks. The design of the new portal makes the process of filing returns easy and convenient, and it has reduced the ITR processing time from 63 days to 1 day.

Though the new interface comes with great new features, it also brought along some problems with it. The users are facing some inconvenience in using the new portal. The IT department of Infosys is working to resolve the issues that the new e-Filing portal faces.

This article’s main objective is to help you learn about the new income tax portal and how to update your income tax profile details on the new income tax portal. Let us discuss the pointers in a step-by-step manner.

At the first step, we will give you an overview of highlighted features of the new portal. Then, we shall discuss the main topic: updating tax profile details on a new income tax portal.

Some of the major features of the new portal are:

  1.  Easy return filing process
  1. Single dashboard displays pending actions, uploads, and follow-ups
  1. Multiple payment options are available such as UPI, credit card, net banking, and NEFT
  1. FAQ, helpline articles, video tutorials, helpline numbers, and chatbox are available to handle queries
  1. ITR itself fetches details of financial transactions
  1. All the necessary information is available on the home page
  1. Immediate ITR processing provides quick income tax refunds to the taxpayers
  1. Mobile application for the same is also available
  1. Easy question and answer format

You can view, edit and update all the information listed below on this single dashboard that will appear as soon as you log in to your new ITR portal.

  1.  Personal details
  1. Contact details
  1. Bank Account
  1. Demat Account
  1. Register DSC
  1. E-filing Vault-higher Security
  1. Secure Access Message
  1. Static Password
  1. Aadhaar OTP Login
  1. Jurisdiction Details
  1. Source of Income
  1. Authorised Signatory for Income Tax Returns/Forms
  1. Representative Assessee
  2. Portuguese Civil Code Applicability

How to Update Your Profile on the Income Tax Portal?

Through the “Update Profile” service, you can update your information on the portal. To reap the benefits of this taxpayer-friendly portal, the users must update their profile information accurately. This step is essential to receive timely communications from the Income Tax Department.

Here is a step-by-step guide on updating your profile on a new income tax portal in a hassle-free manner.

Step 1: Log in to your income tax account through the e-filing portal. Use your pan card number and the same old password you used at the old income tax portal.

Step 2: An e-Filing Dashboard will appear on your screen as you log in. You must fill in the mandatory profile details.

Step 3: Come to “My Profile” by clicking on your profile picture in the upper right corner. Now update your citizenship, residential details, date of birth, gender etc., by clicking on the edit button at the upper right corner of the box.

Additional Step: You must link your Aadhaar Card with your PAN. Without this step, you will not be able to file your income tax return. Click on save once you are done.


Step 4: Now, come down and update your contact details by clicking on the edit button. You receive timely alerts from the Income Tax Department on both your primary and secondary added contact details.

Step 5: Now click on the “My Bank Account” section given on the left panel. Update all the bank accounts you have in this section. You must validate at least one of your bank accounts. Click ‘yes’ on the “Nominate for Refund” option of the validated account. On your contact number and email, you will receive the status of your request.

Step 6: Next is “My Demat Account”; you don't have to update this account if:

  1. You have your Aadhaar-Linked to your mobile number where you can receive OTPs;
  1. Validated bank account; and
  1. EVC (Electronic Verification Code) enabled

Step 7: Next update DSC (Digital Signature Certificate). It shows the authentication of the user. Due to security and technical reasons, you cannot migrate the DSE registration from the old portal. DSE is mandatory in the cases mentioned below: 

  1. Any partnership firm, company, a registered trust, individual or entity who is required to get a tax audit
  1. The companies who have filings with the Ministry of Corporate Affairs

Step 8: By updating the “E-Filing Vault”, you can activate the higher security two-way Authentication process, and it is like a high-security password.

Step 9: Next comes “Secure Access Message”, where different message options are available. It comes to use when you forget your password, and it is kind of a hint which helps you open your account when you forget your password.

Step 10: To generate a static password, click on the “Static Password” option. Generating static passwords is particularly helpful when you have low chances of receiving EVC/OTP numbers on your mobile phone because of network issues.

Step 11:  To enable Aadhar OTP, click yes from the Aadhaar OTP option. Your mobile number must be linked with Aadhaar and registered in UIDAI.

Step 12: You do not need to fill in the Jurisdiction Details, and you can’t update or edit it. The portal will automatically fetch this information.

Step 13: Now, fill in the source of income from the options available. For example, if you are a salaried person, you should add the details of the firm you are working for, such as the nature of the occupation, period of employment, etc.

Step 14: If you are filing your return, then Authorised Signatory for Income Tax returns/Forms is unnecessary because no authorised signatory is needed. It is applicable for the users who authorise a person to act on their behalf.

Step 15: Click on “Representative Assessee” to add a representative assessee. The Representative Assessee would be the legal person to represent you.

Step 16: At last, click ‘Yes’ for The Portuguese Civil Code only if you live in the state of Goa and the union territories of Dadra & Nagar Haveli and Daman & Dui. Click ‘No’ if not.

 


For more information on this, visit www.taxaj.com.

Posted by Pooja
Team Taxaj


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