E-filing of Income Tax Return is unsafe is myth and E-Filing of ITR is now compulsory for Income above Rs 5 Lakhs and refund for e-filed return is issued faster than those filed physically. Also E-Filing that is paper less filing is much more accurate, safer and faster and chances of error is very less as it automatically shows error if there is any in return before submitting it online.
Generally there are many things happening on internet that people feel, doing any work online may cause harm to them. It is not true in all the cases. In fact e-filing is the safer mode of filing return when compared to paper filing. Here the return directly goes into the Tax Authorities computer.
Using e-filing process, you can file your tax returns easily with a few clicks and following simple procedures any time a day and without any problems. It is also a very quick procedure. You just need to fill in the form and submit online.
Benefits of E-filing of Income Tax Return:
- Improved Customer Service.
Revenue can provide a more efficient, timely and cost effective service to our customers. Access to your own Revenue account from your own PC with 24 hour, 365 day access to ROS. Calculation facilities to aid customers with determining their exposure to tax. Built-in electronic acknowledgments and uniform communications with all customers.
- Faster Turn Around Time
By eliminating mailing, handling, and keying in of returns, they are now processed more quickly and retrieved rapidly.
- Improved Accuracy and Audit trails
By eliminating the manual keying in of tax data and by implementing a series of computer checks and validations, the system allows more accurate processing of tax data. Specific problem fields are more easily identified.
- Reduced Processing Costs
There will be cost savings as a result of the reduction in duplicated manual processing, that substantially reduce compliance costs for the customer along with a better distribution of the workload for employees. Staff resources will be redeployed to other areas e.g. customer service.
- Other Potential Savings
There will be a reduction in costs associated with procurement, printing, postage, storage, replacement, stock taking and distributing printed forms.
Hence, from the above, it is seen that e-filing is safer and also beneficial.