Thursday, Apr 25 2024 | Time 13:32 Hrs(IST)
image
India


Cabinet sanctions Rs 4,241.97 cr for Integrated e-filing & Centralised project

Cabinet sanctions Rs 4,241.97 cr for Integrated e-filing & Centralised project

New Delhi, Jan 16 (UNI) The Union Cabinet on Wednesday gave its approval to expenditure sanction of Rs 4,241.97 crore for Integrated E-filing and Centralised Processing Center 2.0 Project of the Income Tax Department.
The Union Cabinet, chaired by Prime Minister Narendra Modi, also approved the expenditure sanction for the consolidated cost of Rs 1,482.44crore of the existing CPC-ITR 1.0 project upto FY 2018-19.
Briefing reporters after the Cabinet meeting, Railway Minister Piyush Goyal said the broad objectives of this project include faster and accurate outcomes for taxpayer, first time right approach, enhancing user experience at all stages, improving taxpayer awareness and education through continuous engagement, promoting voluntary tax compliance and managing outstanding demand.

This approval has significant benefits for the Department and taxpayers through 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, facilitation to taxpayers in resolving outstanding tax demands; integrated contact centers for taxpayer assistance and tax payer outreach program through digital media and employer/partner accreditation program to bring significant enhancement in services to taxpayers.

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.
By faster processing of returns and issue of refunds to the taxpayer's bank account directly without any interface with the Department, by adhering to international best practices and standards (ISO certification) and by providing processing status updates and speedy communication using mobile app, email, SMS and on the Department website, the decision will ensure transparency and accountability.
The proposal ensures the continuation of the 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.
UNI RSA SW 1616

More News

SC issues contempt notice to DDA vice-chairman for unauthorised tree felling

25 Apr 2024 | 2:10 AM

New Delhi, Apr 24 (UNI) The Supreme Court on Wednesday issued a show-cause notice to the vice-chairman of Delhi Development Authority (DDA) for the felling of more than 1,000 trees for construction of an approach road between Chattarpur Road and SAARC University near Maidan Garhi, New Delhi.

see more..

Rubber farmers accuse tyre manufacturers of issuing Electoral Bonds to shield cartelisation

25 Apr 2024 | 2:04 AM

New Delhi, April 24 (UNI) The All India Kisan Sabha and Kerala Karshaka Sangham have joined the rubber farmers and filed an intervention petition in the Supreme Court against the monopoly and Cartelisation of the tyre companies disregarding the interests of consumers and farmers.

see more..
Giridhar Aramane to attend SCO Defence Ministers’ meeting in Kazakhstan

Giridhar Aramane to attend SCO Defence Ministers’ meeting in Kazakhstan

24 Apr 2024 | 8:21 PM

New Delhi, April 24 (UNI) A delegation, led by Defence Secretary Giridhar Aramane will be leaving for Astana, Kazakhstan, to participate in the Annual Meeting of the Defence Ministers' of Shanghai Cooperation Organisation (SCO) Member States.

see more..
Need to be self-reliant in war fighting platforms and systems: Gen Pande

Need to be self-reliant in war fighting platforms and systems: Gen Pande

24 Apr 2024 | 5:47 PM

New Delhi, April 24 (UNI) Chief of the Army Staff (COAS) General Manoj Pande on Wednesday underlined the vital need of being self-reliant in war fighting platforms and systems, besides achieving self-sufficiency in critical technologies through indigenous Research & Development.

see more..
BJP slams Sam Pitroda over  'inheritance tax' remark

BJP slams Sam Pitroda over 'inheritance tax' remark

24 Apr 2024 | 5:28 PM

New Delhi, April 24 (UNI) BJP on Wednesday slammed senior Congress leader Sam Pitroda for his "inheritance tax" remark saying "the intentions of Congress are dangerous and it wants to destroy the heritage of India".

see more..
image