Question: Integrated E-filing &Centralized Processing Center 2.0 Project is related to which of the following department?
(a) CPWD
(b) Irrigation
(c) BSNL
(d) Income Tax
Answer: (d)
Related facts:
- On 16 January 2019, Union Cabinet chaired by the Prime Minister Shri Narendra Modi, has given its approval to expenditure sanction of Rs.4,241.97crore for Integrated E-filing &Centralized Processing Center 2.0 Project of the Income Tax Department.
- The Union Cabinet also approved the expenditure sanction for the consolidated cost of Rs.1,482.44 crore of the existing CPC-ITR 1.0 project upto FY 2018-19.
- The broad objectives of this project includes 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.
- It will reduce refund/processing turnaround time drastically as well as facilitate taxpayers in resolving outstanding tax demands through integrated contact centers.
- 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.
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