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CBDT Plans On Introducing Pre-Filled Income Tax Return Forms

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You may soon get pre-filled income tax returns forms on the department's e-filing website that will make the process easy. According to a PTI report citing CBDT's (Central Board of Direct Taxes) chairman Sushil Chandra, said that the department is currently working on the pre-filled ITR forms that would be based on tax deducted at source (TDS) details that are provided by the individual's employer or other entities.

CBDT Plans On Introducing Pre-Filled Income Tax Return Forms
 

The simplified form will have declared incomes up to Rs 5 million in a single page document, making filing very easy. The report further said that the IT department was also working on processing the return forms faster. It could become as less as a day or a week. The system is under preparation and may take a year to complete. The pre-filled forms will further help in reducing processing time.

He also said that only 0.5 percent of the cases were taken up for scrutiny and these were selected by a computer system and not the tax officials. Around 70,000 of these cases were disposed of online this year. A person is only required to visit an IT office under exceptional circumstances. The department is also working on providing PAN in as less as four hours.

Read more about: cbdt income tax itr
Story first published: Thursday, December 6, 2018, 13:43 [IST]
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