Income Tax Department launched TAXASSIST, will get help in filing income tax return, know how?

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The Income Tax Department has launched TAXASSIST to provide relief to crores of taxpayers of the country. With its help, return filers can easily get a solution to their query and file returns.

Explaining the latest initiative, the Income Tax Department said that the launch of TaxAssist is designed to simplify all tax related concerns. The Income Tax Department explained through an example the situations in which taxpayers claiming tax exemption under section 80GGC may face problems.

This section provides tax exemption to donors who donate to a political party or electoral trust. The department shared three different scenarios to explain how the TAXASSIST tool helps taxpayers document these claims, clarify and respond to notices. This initiative has been launched with the aim of bringing transparency and simplifying the tax claim process.

Case 1: Exemption claimed by mistake

If the taxpayer has wrongly claimed exemption under 80GGC, TAXASSIST will advise them to revise their return or file ITR-U and deposit the tax and interest and return the excess refund. Failure to do so may result in scrutiny or penalty.

Case 2: Claim of fake donation

If someone has claimed exemption by showing fake or illegal political donations, it will be considered tax evasion. In such cases, TAXASSIST will advise the taxpayer to file ITR-U and deposit the due tax and interest, so that legal action can be avoided.

Case 3: Donation claim

If the donation is made to a legitimate political party, TAXASSIST advises to keep the donation receipts and proof of bank transactions safe as they may be needed during investigation. This initiative is part of the Income Tax Department’s effort to make tax filing easier and transparent.

Deadline for filing returns is 15 September

This time the Income Tax Department has extended the deadline for filing returns from July 31 to September 15. This has been done to provide relief to taxpayers. The last date for filing Income Tax Return (ITR) for the financial year 2024–25 is September 15, 2025.

 

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