 "Tax, incom-tax, salary, savings, financial plannings, ITR, filing returns, jobs, investments")
The income-tax (I-T) department has asked taxpayers whose income-tax returns (ITRs) have not been processed yet to resolve the underlying issues quickly, so that processing can happen. Let us understand the reasons due to which processing gets stuck and what you can do about them.
The department had launched the Central Processing Centre (CPC) 2.0 in December 2020 with ‘Jhatpat processing’. Under this scheme, ITR 1 and ITR 4 are processed within two-three working days, provided certain conditions have been met.
Archit Gupta, chief executive officer (CEO), ClearTax, says, “Due to the CPC upgrade, processing has been faster this time
