Most of us have been occupied gathering the records needed to do our yearly tax calculations. The moment has arrived to create the Income Tax Return (ITR) using these papers and to submit it to the Income Tax Department (ITD). ITRs have been enhanced to be more thorough and detailed in order to gather more data from taxpayers and enable system-assisted processing of returns.
Taxpayers have been finding it difficult to complete the ITR forms on their own and feel the need to consult experts like CAs, etc., despite the fact that it has made ITD’s work somewhat easier. However, with the development of technology, a number of websites have appeared, providing assistance for such taxpayers so they may submit their ITRs affordably.
Here are some best income tax portals of the world:
Federal Taxation Service
Federalnaya nalogovaya sluzhba, often known as FNS or C in Russian, is the short form of the Federal Taxation Service, a federal administrative organisation in charge of state registration of legal businesses and natural individuals acting as sole proprietors and farmsteads. following the closure of the Ministry for Taxes and Levies on March 19, 2004. Additionally, it is a federal body of executive authority tasked with ensuring the presentation of the Russian Federation’s claims under financial responsibilities as well as claims for required payments in bankruptcy cases and bankruptcy proceedings. The Service’s headquarters are in Moscow at 23 Neglinnaya Street. The Federal Taxation Service’s director at the moment is Daniil Yegorov.
National Tax Agency
NTA was founded as a subsidiary organisation of the Ministry of Finance on June 1, 1949, and it is in charge of determining and collecting national taxes. Prior to it, the Ministry of Finance’s Tax Bureau served in this capacity. Due to the Tax Bureau’s out-of-scope operations, tax administration was not functioning efficiently immediately following World War II. The current three-tiered organisational structure of the NTA, which consists of the head office, regional taxation bureaus, and tax offices, was developed as a result of this organisational restructuring. NTA is made up of the main office, the Okinawa Regional Taxation Office, the Kanto-Shin-Etsu Okinawa Regional Taxation Office, the 11 regional taxation bureaus (Sapporo, Sendai, Kanto-Shin-Etsu, Tokyo, Kanazawa, Nagoya, Osaka, Hiroshima, Takamatsu, Fukuoka, and Kumamoto), and 524 tax offices across the nation.
Australian Taxation Office
The primary organisation responsible for collecting taxes for the Australian government is the Australian Taxation Office (ATO), which is a statutory organisation in Australia. Superannuation rules, the Australian federal tax system, and other related matters are under the control of the ATO. The Australian Treasurer and the Treasury are in charge of overseeing the activities of the ATO. On behalf of the Australian government, the ATO collects GST, income tax, and other federal levies. The ATO is also in charge of overseeing the Australian Business Register, delivering the Higher Education Loan Program, delivering various payments made by the Australian government, and handling significant elements of the superannuation system in Australia.
The Internal Revenue Service
The Internal Revenue Service (IRS), which is in charge of tax collection and Internal Revenue Code administration the major section of federal statutory tax law is the revenue service for the federal government of the United States. It is a division of the Treasury Department and is run by the Commissioner of Internal Revenue, who is picked by the US President for a five-year term. Among the responsibilities of the IRS are helping taxpayers with their taxes, pursuing and resolving cases of incorrect or fraudulent tax files, and managing a number of benefit programmes, including the Affordable Care Act. The Service’s headquarters are in Moscow at 23 Neglinnaya Street. The Federal Taxation Service’s director at the moment is Daniil Yegorov.
Income Tax Department
The Income Tax Department, often known as the IT Department or ITD, is a government organisation in charge of the Government of India’s direct tax collection. It is managed by the Ministry of Finance’s Department of Revenue. The Central Board of Direct Taxes is the supreme body that oversees the Income Tax Department (CBDT). The primary duty of the Income Tax Department is to implement several direct tax regulations, the most significant of which is the Income-tax Act, 1961, in order to raise money for the Indian government. Additionally, it upholds other economic regulations including the Black Money Act of 2015 and the Benami Transactions (Prohibition) Act of 1988.
HM Revenue & Customs
Her Majesty’s Revenue and Customs, also known as HM Revenue and Customs or HMRC, is a non-ministerial division of the UK government in charge of tax collection, the payment of some types of public assistance, the management of additional regulatory frameworks, such as the national minimum wage, and the issuance of national insurance numbers. The Inland Revenue and Her Majesty’s Customs and Excise merged to establish HMRC, which went into effect on April 18, 2005. The St. Edward’s Crown is encircled in a circle and serves as the department’s emblem.
State Taxation Administration
The People’s Republic of China’s government has a ministerial-level division called the State Taxation Administration. The State Council is in charge of it, and it is in charge of collecting taxes and enforcing state revenue regulations. The State Administration of Taxation was its previous name. creating comprehensive implementation guidelines for tax laws and regulations; putting forth ideas for tax policies, examining the suggestions with the Ministry of Finance, and submitting the suggestions to the State Council; creating implementation guidelines for tax policies.
