File ITR for AY 2020-21 with CPC 2.0 (Jhatpat Processing)

As per a tweet from IT department’s official twitter handler “File Karo Jhat Se, Processing Hogi Pat Se”, the department is ready to introduce a new technologically upgraded platform CPC 2.0 for faster processing of ITRs. And the filing of Income Tax Return for financial year 2019-20 (AY 2020-21) will be processed on CPC 2.0.

However, the due date of Income Tax Return Get all due dates of income tax return and payment of advance taxes for FY 2019-20 (AY 2020-21). We update the last date as per the IT department’s notifications. Read more (ITR) for the financial year 2019-20 (AY 2020-21) is December 31, 2020, and for taxpayers requiring audit the due date is January 31, 2021.

Taxpayers can get benefits of the new technologically upgraded platform CPC 2.0 only if their ITR is verified, Bank Account is pre-validated, there are no assears, having no income discrepancy and not having any TDS for challan mismatch.

For now, with this platform Processing started for ITR 1 and ITR 4. ITR-1 is also known as Sahaj Form and it is for people having income up to ₹ 50 Lakhs. The ITR 1 Sahaj form Get to know easy guide to file ITR 1 SAHAJ form by an online income tax return filing procedure for AY 2020-21. Also, we write down eligibility and due dates. Read more is a very simple one page form for individuals.

Whereas, The ITR 4 Sugam form Know the step by step process to file ITR (income tax return) 4 SUGAM form online for AY 2020-21. We break down each part of the form for easy understanding along with major updates. Read more was notified for AY 2019-20. It is a return form for taxpayers who have opted for a presumptive income scheme according to Section 44AD, Section 44ADA and Section 44AE and who have income not exceeding 50 lakhs.

The central processing centre 2.0 (CPC 2.0) platform which is now confirmed by the Income Tax department is being introduced to provide improved taxpayer services and to speed up the processing speed of the Income Tax Return filing process A quick guide to the complete process of Income Tax Return Filing along with an introduction to e-filing, eligibility, and the deadline for filing the ITR. Read more . It will help taxpayers file ITRs for the financial year 2019-20 (AY 2020-21).

With this new upgraded platform, the tax department is expanding capacity and upgrading techniques to provide better services to taxpayers through predefined forms and to reduce time for refunds.