Read more about Soon, filing income tax returns may get easier with pre-filled forms on Business Standard. Apart from this, the tax department is trying to ease the process for the assessee
Taxpayersmay soon get relief from the hassles of filling up (I-T)return forms. Central Board of Direct Taxes (CBDT) Chairman SushilChandra on Tuesday said the forms might soon come "pre-filled".
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Once this starts, detailssuch as income, income sources, and personal details would be filledup by the I-T department. The user would need to endorse the form,which will save their time. This would also enable the government toprocess it faster, Chandra said on the sidelines of an eventorganised by the Confederation of Indian Industry (CII).Apart fromthis, the tax department is trying to ease the process for theassessee, he said. "We are working towards completing theprocessing of a return within a week," he said.
"Under a simplified returnformat, returns with declared incomes up to Rs 5 million would be asingle-page document. It would hardly take time to fill up," hesaid. Efforts are also being made to provide PAN in four hours, hesaid.On tax avoidance, he said only 0.5 per cent of cases had beentaken up for scrutiny.
About 70,000 cases underscrutiny have been disposed of online this year. Only under READFULL ARTICLE HERE
