Finance Ministry Proposes Setting Up Two More Centralized Processing Centre This Year (02-Mar-2010)
The Finance Minister Pranab Mukherjee today presented the Union Budget 2010-11.
Regarding the tax proposals, the Finance Minister said that the Centralized Processing Centre at Bengaluru is now fully functional and is processing around 20,000 returns daily.
He said that this initiative will be taken forward by setting up two more Centres during the year.
Meanwhile, he said that the Income Tax department has introduced "Sevottam", a pilot project at Pune, Kochi and Chandigarh through Aayakar Seva Kendras.
It provides a single window system for registration of all applications including those for redressal of grievances as well as paper returns.
The scheme will be extended to four more cities in the year.
Moreover, he said that Automation of Central Excise & Service Tax has already been rolled out throughout India this year.
Similarly, a Mission Mode Project for computerization of Commercial Taxes in States has been approved recently.
Meanwhile, he added that with an outlay of Rs. 1133 crore of which the Centre''s share is Rs. 800 crore, the project will lay the foundation for the launch of GST.
He also said that the income tax department will notify SARAL-II form for individual salaried taxpayers for the coming assessment year.
On the other hand, he said that the scope of cases which may be admitted by the Settlement Commission will be expanded.
This will be done in order to include proceedings related to search and seizure cases pending for assessment.
The Scope of Settlement Commission will also be expanded in respect of Central Excise and Customs.
This will be in order to include certain categories of cases that hitherto fell outside its jurisdiction.
Moreover, the Bi-lateral discussions will be commenced in order to enhance the exchange of bank related and other information.
This is to effectively track tax evasion and identify undisclosed assets of resident Indians lying abroad.
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