Soon your Income Tax form will come pre-filled
Sep 24, 2015, 18:58 IST
The Central Board Of Direct Taxation (CBDT) is now planning to provide pre-filled forms for the purpose of Income Tax Returns (ITRs). With this ‘pre-filled’ feature, the user’s data on income and other vitals will automatically reflect on the website.
The apex policy-making body of the Income Tax department is aggressively working on the project and is planning to launch it in the next financial year.
The customer-friendly measure has come in the backdrops of the new e-filing system – introduced in August – which allows online ITR verification; all that you need is a valid Aadhaar number, internet banking, ATM among others.
Taxpayers who have an income of less than Rs 5 lakh and without claims of refund can now generate an electronic verification code on the e-filing website of the tax department, which is later sent to their registered email to e-verify the return.
Anita Kapur, CBDT Chairperson said, "We are looking at a possibility of making more entries for a pre-filled form so that it becomes more easier for the taxpayer to file an e-return. We want to ensure that when technology moves, we can always bring in better facilities to make the life (of taxpayers) even easier."
Kapur also said that these technology upgrades are proposed to be initially started for small taxpayers who file the one-page ITR (ITR 1) and the thinking in the department is that when the data of income as per previous records is automatically uploaded, then the taxpayer can file their ITRs quickly and wherever there are any amendments or changes, those can be corrected by the taxpayer himself.
She also ensured that taxpayers will be able to change and correct their figures in the new system.
Image: thinkstock
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The apex policy-making body of the Income Tax department is aggressively working on the project and is planning to launch it in the next financial year.
The customer-friendly measure has come in the backdrops of the new e-filing system – introduced in August – which allows online ITR verification; all that you need is a valid Aadhaar number, internet banking, ATM among others.
Taxpayers who have an income of less than Rs 5 lakh and without claims of refund can now generate an electronic verification code on the e-filing website of the tax department, which is later sent to their registered email to e-verify the return.
Anita Kapur, CBDT Chairperson said, "We are looking at a possibility of making more entries for a pre-filled form so that it becomes more easier for the taxpayer to file an e-return. We want to ensure that when technology moves, we can always bring in better facilities to make the life (of taxpayers) even easier."
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Kapur also said that these technology upgrades are proposed to be initially started for small taxpayers who file the one-page ITR (ITR 1) and the thinking in the department is that when the data of income as per previous records is automatically uploaded, then the taxpayer can file their ITRs quickly and wherever there are any amendments or changes, those can be corrected by the taxpayer himself.
She also ensured that taxpayers will be able to change and correct their figures in the new system.
Image: thinkstock