Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra has made it official that income tax payers will soon get pre-filled ITR forms to make the current cumbersome process of filing returns easy.
The income tax department is working on the pre-filled income tax return (ITR) forms which will be based on tax deducted at source (TDS) details filed with the department by the employer or any other entity.
"You will be getting a pre-filled return form on which we are working because your TDS is with us. So, we are moving towards that direction.” said the official. "We want to speed it up (processing of return form), maybe in a day or a week. That system is also under preparation and it may take a year or so. You will get a pre-filled form, and you can justify that the form is correct. We will accept it," Chandra said.
Chandra said only 0.5 per cent of cases had been taken up for scrutiny and even these cases have been selected by computer system.”There is no discretion (in selecting income tax-related cases). Our endeavor is to curtail the discretion of tax officials,” he added. This is good news for tax payers.