Infosys to implement new ITR filing project

New Delhi: IT major Infosys Ltd has been selected to implement the next generation system for processing income tax return filings, with the Union Cabinet sanctioning an estimated ₹ 4,241.97 crore for the project. The Cabinet, chaired by Prime Minister Narendra Modi, gave its “approval to expenditure sanction of ₹ 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 e-filing and Centralised Processing Centre projects have enabled end-to-end automation of all processes within the Income Tax Department using various innovative methods to provide taxpayer services and to promote voluntary compliance. The decision will ensure transparency and accountability besides faster processing of returns and issue of refunds to the taxpayers’ bank account directly without any interface with the Income Tax Department.