sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza
 
 
 
 
« News Headlines »
 Banks must pull up their socks, says ICAI's Amarjit Chopra
 Taxability of income depends on
 Three Cheers for Sebi
 SEBI cracks whip on BoR
 CA rush on, never mind Satyam
 PW plea on Satyam probe rejected
 PriceWaterhouse plans moving SEBI again for Satyam
 Tax 2010-11: Should you invest in?
 Chartered Accountant top salary zooms
 Two procedures at work in Satyam case, says Sebi Chief

New for faster I-T returns
July, 03rd 2009

Speeding up the process of filing income-tax returns and making it more convenient, a software called ‘Uttam Sewa’ has been prepared by the department concerned to facilitate the work of over three lakh assessee across city and Mohali.

Scheduled to be launched in the city by July 15, the software will not only ensure a simpler filing process, but also speed up disposal of refund cases, which usually entail a waiting period of a year or more. I-T authorities claim the refund would now be done within three months of filing returns. The software will also allow immediate reflection of returns on internet, officials claimed.

While the assessees and their tax consultants are busy preparing the returns that are to be filed by July 3, so are the offices of commissioner of income tax (CIT) I and II that are gearing up for the software launch.

“As a pilot project, this programme will be launched in five cities identified by Central Board of Direct Taxes this year. Chandigarh is one of them and we will cover range IV and V of CIT I and entire range of CIT II. CBDT chairman and member secretary are likely to launch the same on July 13 or 14,” AK Kaushal, commissioner of income-tax I, who also heads the committee formed to execute the new programme, said.

“Tentatively, there are 2.75 lakh assesses till now. Since we expect an addition of 10% every year, the new software will cater to almost three lakh people,” added Kaushal.

Enquiries revealed that 25 to 30 special counters would be set up between July 25 to 31 to aid I-T returns. A team of tax returns comparers (TRCs) would also be put on the job.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2006 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd. Binarysoft Technologies - Privacy Policy