As part of efforts to popularise the electronic mode of filing Income Tax Returns (ITRs), the CBDT is planning to provide "pre-filled" return forms to filers which will have an automatic upload of data on income and other vitals of a taxpayer.
A Delhi court on Thursday pulled up the Income Tax (IT) Department for withholding information on foreign bank accounts of those persons against whom it has filed complaints and slapped a fine of Rs 10,000 on it.
Foreign travel details sought in the new income tax return (ITR) forms was done so that risk profiling for detection of tax evasions could be done but the form is being modified in view of the opposition to it.
Finance Minister Arun Jaitley is likely to meet business chambers on Friday to get their views on new income tax returns form, after the government faced flak over it seeking details on bank accounts and foreign travel.
IAS officer Manoj Agarwal, who has been charged by the CBI for amassing assets disproportionate to his known source of income, has refuted the allegations saying all the assets have been duly mentioned in Income Tax returns and the case was registered in a "malafide manner".
The Central Board of Direct Taxes (CBDT), the administrative authority of the Income Tax department, has recently enhanced the last date for filing of I-T returns, both manual and e-filed, to August 5 for the 2013-14 fiscal.
"A large number of people come under Rs.5 lakh to Rs.10 lakh category. The lowering of income limit for mandatory e-filing will give a boost to online filing of returns," Vineet Agarwal, a director at KPMG India, said.
Continuing its drive against non-filers, the Income Tax Department Monday sent letters to another 35,000 such assessess for not filing tax returns, taking the total number of these letters to 1.75 lakh.
The Central Board of Direct Taxes (CBDT) has extended the 'due date' of filing of all returns for the Assessment Year 2012-13 which were due to be filed by July 31 to August 31, 2012, an official statement said.