Cabinet sanctions â¹4,242 crore for next-gen IT-filing system
Union Minister Piyush Goyal on Wednesday said the Cabinet has approved â¹4,241.97 crore for next-generation "Integrated E-filing and Centralised Processing Centre 2.0 Project of the Income Tax Department". He added Infosys has been selected to implement the project. He said the project aims to cut down the processing time for Income Tax Returns from 63 days to one day.