INTEGRATED E-FILING AND CENTRALIZED PROCESSING CENTRE 2.0 PROJECT

Jan. 17, 2019

The Union Cabinet has given its approval to expenditure sanction of Rs.4,241.97 crore for Integrated E-filing &Centralized Processing Centre 2.0 Project of the Income Tax Department.

About:

Key objectives of the project: Faster and accurate outcomes for taxpayer, enhancing user experience at all stages, improving awareness and education through continuous engagement and promote voluntary tax compliance.
Benefits:
- The move will help in bringing down the income tax return (ITR) processing time to one day from the present 63 days and hence speed up issue of refunds to the tax payers' bank account directly.
- It will also help in improving tax payers' awareness and education through continuous engagement.
Implementing agency: This project of the Income Tax Department will be implemented by “IT major Infosys”.
Budget: Union Cabinet has sanctioned an estimated ₹4,241.97 crore for the project.
Implementation duration: The project is expected to take 18 months to develop and three months to be tested before it is implemented.