Cabinet Oks for the next gen IT-filing system

Cabinet Oks for the next gen IT-filing system: In a bid to ease out the Income Tax Return (ITR) from taking 63 days long period to just one day after implementation of the project, which is being awarded to the software major Infosys for a cost of Rs. 4,242 crore project. The move will help in bringing down the income tax return (ITR) processing time to one day and hence speed up refunds.

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

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