New Delhi: Taxpayers can expect faster
refunds from the I-T department this year as the ambitious
centralised processing centre of the department will start
functioning to full capacity.
The Bangalore based processing centre of the income tax
department has been adding to its technical strength over the
months and will include all I-T returns and generate
subsequent refunds from across the country in a seamless
manner by start of April, a senior tax official said.
The processing centre will handle returns filed on paper
and those filed online and will also bring down the usual time
of 1-2 years taken to receive refunds by an individual and TDS
taxpayers to under six months, the official added.
The CPC would enable the department to cope with rapid
growth in the number of taxpayers and consequently lower the
volume of work handled by I-T officials. It would allow the
department to bring in more efficient processes in tax
administration, the official said.
Eventually, the I-T department plans that the CPC model
would be brought to more cities across the country, having
gained experience from the initial CPC.
The Bangalore CPC was initially fed with the I-T returns
data from Karnataka and Goa regions to enable it to process 20
lakh paper returns and 60 lakh returns filed online.
The data migration to the central processing centre has
also been achieved and the centre will process returns from
all parts of the country now.
PTI
First Published: Thursday, April 01, 2010, 19:52