By CA Manoj kohli 23rd March 2011 Various IT initiatives taken for efficient tax administration. These include
· The on-line preparation and e-filing of income tax returns,
e-payment of taxes through 32 agency banks, ECS facility for electronic clearing of refunds directly in taxpayers’ bank accounts and electronic filing of TDS returns are now available throughout the country.
• The Centralized Processing Centre (CPC) at Bengaluru has increased its daily processing capacity from 20,000 to 1.5 lakh returns in 2010-11. Two more CPCs will become operational in Manesar and Pune by May 2011 and a fourth CPC will come up in Kolkata in 2011-12.
• The electronic filing of Tax Deduction at Source (TDS) statements has stabilized.
· The CBDT shall soon notify a category of salaried taxpayers who will not be required to file a return of income as their tax liability has been discharged by their employer through deduction at source.