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Sunday, August 23, 2015

Special camp for filing I-T returns to kick off from August 24

The income tax (I-T) department will hold an eight-day special camp for filing I-T returns (ITRs). The camp will be held at the Civic Centre I-T building, near Connaught Place, and inaugurated by Central Board of Direct Taxes (CBDT) chairperson Anita Kapur on August 24.
It will function till August 31 during office hours with Saturdays and Sundays falling between these days also being observed as working days. Special counters are being organised to help taxpayers with salary or pension incomes in filing paper returns.
According to a statement issued by the CBDT, e-filing of return is mandatory for persons whose total income exceeds Rs 5 lakh or if the return contains a claim for refund. Paper returns in such cases will not be accepted. The statement, however, added that the income limit of Rs 5 lakh and claim of refund will not apply to taxpayers over the age of 80 years and deriving salary or pension income.
In such cases, paper returns will be accepted, it said. The department said that there will be special facilitation counters for senior citizens and differently-abled persons during the camp, which will be manned by I-T officials and other trained manpower.
Facilities like helpdesk, assistance of Tax Return Preparers (TRPs), UTI and NSDL counters, banking, tax payment facility, PAN verification counters, drinking water and emergency medical aid will be available at the venue, the statement added. The CBDT is the apex policy-making body of the tax department .
The last date for filing I-T returns for the assessment year 2015-16 and the corresponding financial year 2014-15 is August 31. Similar facilitation counters are being set up in other metropolitan cities based on the local requirement, the statement said. Other category of taxpayers can file their ITRs through the official e-filing website of the I-T department.
Meanwhile, the Centre will soon come out with guidelines to streamline the process of scrutiny of I-T cases, revenue secretary Shaktikanta Das said on Thursday. "The finance ministry is closely working on methods to streamline the process of scrutiny. Very soon, the government will come out with certain guidelines and certain methods of streamlining this process of scrutiny cases (and) make it as nonintrusive as possible. Efforts are on," Das said at an Assocham event here.
"A point was made (by Assocham) to stop hounding the big tax payers ... in income tax we pick up less than one per cent of the cases for scrutiny. We get about four crore I-T returns of both individuals and corporate ... roughly 3-3.5 lakh cases are picked up for scrutiny, which is less than one per cent," Das added.

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