There is good news for last-minute income-tax return (ITR) filers, who have yet to file their returns for fiscal year 2019-20 (assessment year 2020-21). The I-T department has introduced Jhatpat processing for quick processing of tax returns.

It has launched the Central Processing Centre (CPC) 2.0 — its technologically upgraded platform for faster processing. “CPC 2.0 will offer pre-filled ITR forms to taxpayers. It will also enable faster processing of ITRs and tax refunds,” says Naveen Wadhwa, deputy general manager, Taxmann. Who can opt for it: Several ...