Click to play videoBangalore: The Income Tax return process is all set to be Bangalored.
This year the government is planning to outsource the processing to a vendor in Bangalore.
The I-T department has acquired nearly 60,000 sq ft of office space in Electronic city to set up a central processing centre (CPC).
Currently each tax return is processed individually, taking nearly 15 minutes per return but all that will soon change.
"In the CPC we'll match entries on taxes paid as per our records and the assessees claim and once its is put in the clean basket at the click of a button all returns will be processed at once," says Chief Commissioner Of Income Tax Pramod Kumar.
This will help clear the backlog of I-T returns quickly.
Last year over 2.7 crore returns were filed, out of which 1.7 crore returns still need to be processed as backlog.
The centre will first be set up in Bangalore by year-end before the model is applied to other cities.
"Once the CPC comes, so far as Bangalore is concerned, we hope that backlog and the returns filed this year will all be cleared through CPC only," says Kumar.
The other benefit of the Income Tax return processing centre is that it will also solve the problem of migrating population.
They will then be allowed to file returns in any city instead of the centre where their PAN card was issued from.
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