Finance Minister, in her interim budget speech, underscored a noteworthy achievement in the realm of income tax return ( ITR ) filing. The Finance Minister highlighted a substantial reduction in the average time taken for ITR filing, showcasing the efficiency and progress in the country’s digital ecosystem.
Nirmala Sitharaman in her budget speech pointed out that the average time required for tax return filing has witnessed a remarkable decrease from 93 days in the previous year to an impressively swift 10 days in the current fiscal year. This substantial reduction signifies a positive transformation in the digital landscape, indicating enhanced user experience and streamlined processes within India’s taxation system.
The achievement is attributed to the ongoing efforts and investments made in bolstering the digital infrastructure across the nation. The implementation of user-friendly online platforms, coupled with technological advancements, has significantly expedited the tax return filing process. This reduction not only demonstrates a commitment to digitalization but also signifies a leap towards a more efficient and responsive governance model.
The Finance Minister further emphasized that the streamlined ITR filing process is aligned with the government’s broader vision of a digital India. The transformation in the taxation system echoes the success of initiatives aimed at promoting digital literacy, facilitating online transactions, and fostering a technologically empowered society.
As India continues to strengthen its digital infrastructure, such achievements serve as a testament to the government’s commitment to leveraging technology for the benefit of its citizens. The reduced ITR filing time reflects a positive trend towards a more inclusive, accessible, and efficient financial system, marking a milestone in the nation’s journey towards becoming a digitally empowered economy.
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