CURRENT AFFAIRS

2020

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which department has launched an initiative named ‘Jhatpat Processing’?

A	Ministry of Health
B	NITI Aayog
C	Income Tax Department
D	Ministry of Railway

Explanation:

Detailed explanation-1: -The Income Tax Department has introduced a new initiative called, ‘Jhatpat Processing’ to smoothen the ITR filing experience for taxpayers.

Detailed explanation-2: -Under this scheme, the income tax department will allow speedy and seamless filing cum processing of the income tax returns.

Detailed explanation-3: -Tax Information Network (TIN) is an initiative by Income Tax Department of India (ITD) for the modernization of the current system for collection, processing, monitoring and accounting of direct taxes using information technology.

Detailed explanation-4: -The Central Board of Direct Taxes is a statutory authority functioning under the Central Board of Revenue Act, 1963. The officials of the Board in their ex-officio capacity also function as a Division of the Ministry dealing with matters relating to levy and collection of direct taxes. Historical Background of C.B.D.T.

There is 1 question to complete.