Cabinet nod to integrated e-filing and centralised processing centre

The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved Rs 4,241.97crore for integrated e-filing and centralised processing centre--2.0 Project-of the Income Tax Department.The Union Cabinet also approved the expenditure sanction for the consolidated cost of Rs 1,482.44crore of the existing CPC-ITR 1.0 project up to FY 2018-19. The broad objectives of the project include a faster and accurate outcome for the taxpayer, first-time-right approach, enhancing the user experience at all stages, and improving taxpayer awareness and education through continuous engagement.This approval has significant benefits for the Department and taxpayers through various functionalities such as pre-filling of ITR and acceptance by taxpayer as a means to improve accuracy and to reduce refund/processing turnaround time drastically, facilitation to taxpayers in resolving outstanding tax demands; integrated contact centers for taxpayer assistance and taxpayer outreach program through