Income Tax returns: The Income Tax Department is developing a mobile app which can be used by tax payers to file their income tax returns, a top finance ministry official revealed. Central Board of Direct Taxes (CBDT) Chairperson Anita Kapoor said, “We are developing a mobile app which can be used by users for filing their income tax returns. There are some security related issues, which we will resolve soon”. Here is all you need to know in 5 points:
Income tax filing through mobile apps can make it very easy for the taxpayers to file their returns – online filing of tax returns has caught up in a big way in recent years and this will boost the trend.
Talking about direct tax collections, Kapoor said, “Collections are doing well and we are keeping our fingers crossed. The December collection of advance tax will actually give us a good idea.”
The government aims to collect Rs 7.98 lakh crore as direct tax in the current financial year.
The CBDT Chairperson said the high-level committee under former High Court Judge R V Easwar, formed to simplify income tax laws, will submit its first report by January next year.
“The panel has clear terms of reference. They are expected to give their first report in January. They can give it earlier if they deem it proper. They have sufficient time,” she said.