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Cabinet approves expenditure sanction for Integrated E-filing and Centralized Processing Centre 2.0 Project

Cabinet approves expenditure sanction for Integrated E-filing and Centralized Processing Centre 2.0 Project 

The central government on 16 Jan approved expenditure sanction of Rs 4,241.97crore for development of the next generation income tax filing and processing centre, which will help cut down time for processing of returns.

IT major Infosys has been selected to implement the project after the bidding process.

The Integrated E-filing & Centralized Processing Center 2.0 project of the income tax department will help in faster processing of returns and issue of refunds to taxpayer’s bank account directly without any interface with the department.

Benefit:

Presently, Income Tax Return (ITR) is 63 days and it will come down to one day after implementation of the project. The project is expected to be completed in 18 months and will be launched after three months of testing.

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