CABINET NOD TO INTEGRATED E-FILING AND CENTRALISED PROCESSING CENTRE

GS 3: Economy | Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.

Why in news?

The Union Cabinet has approved corpus sum for integrated e-filing and centralised processing centre-2.0, a Project-of the Income Tax Department.

CPC-ITR 2.0:

  • The broad objectives of the project include a faster and accurate outcome for the taxpayer, first-time-right approach, enhancing the user experience at all stages, and improving taxpayer awareness and education through continuous engagement.
  • It various functionalities such as pre-filling of ITR and acceptance by taxpayer as a means to improve accuracy and to reduce refund/processing turnaround time drastically.
  • The decision will ensure horizontal equity by processing returns filed by all categories of taxpayers across the country in a consistent, uniform, rule-driven, identity blind manner.
  • This will assure fairness in tax treatment to every taxpayer irrespective of their status.
  • The proposal ensures the continuation of the IT Department’s goal towards business transformation through technology.
  • The E-filing and CPC projects have enabled end to end automation of all processes within the Department using various innovative methods to provide taxpayer services and to promote voluntary compliance.
  • At present, it takes around 63 days to deal with income tax return process but this will be completed just in one day after the success of the ‘integration project’.
  • Through digital media platform, we can provide rapid facilities to taxpayers, be it real-time processing of income tax returns, ease in filing accurate returns, resolve grievances of taxpayers and spread awareness.
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