IT major Infosys has been selected to implement the next generation
system for processing income tax return filings, with the Union Cabinet
sanctioning an estimated Rs 4,241.97 crore for the project.
The move will help in bringing down the income tax return (ITR) processing time to one day and hence speed up refunds
The Cabinet, chaired by Prime Minister Narendra Modi, gave its “approval to expenditure sanction of Rs 4,241.97 crore for Integrated E-filing and Centralised Processing Centre 2.0 Project of the Income Tax Department,” Union minister Piyush Goyal said.
The move will help in bringing down the income tax return (ITR) processing time to one day and hence speed up refunds
The Cabinet, chaired by Prime Minister Narendra Modi, gave its “approval to expenditure sanction of Rs 4,241.97 crore for Integrated E-filing and Centralised Processing Centre 2.0 Project of the Income Tax Department,” Union minister Piyush Goyal said.
No comments:
Post a Comment