INSUBCONTINENT EXCLUSIVE:
The current system has been a success and new project will be more tax friendly, said Piyush Goyal.IT (information technology) major Infosys
has been selected to implement next generation system for processing income tax return filings, with Union Cabinet sanctioning an estimated
Rs 4,241.97 crore for project
The move will help in bringing down 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 Income Tax Department", Union minister Piyush Goyal said.Briefing media about
been selected to implement project after bidding process
(CPC) projects have enabled end-to-end automation of all processes within Income Tax Department using various innovative methods to provide
The decision will ensure transparency and accountability besides faster processing of returns and issue of refunds to taxpayers' bank
account directly without any interface with Income Tax Department.As per an official release, broad objectives of integration project
include, faster and accurate outcomes for taxpayer, enhancing user experience at all stages, improving taxpayer awareness and education
