The government on Wednesday said IT major Infosys will develop the next-generation income tax filing system for Rs 4,241.97 crore which will cut down the processing time for returns to one day from 63 days and expedite refunds.

Government clears Rs 4,242 crore IT-filing project, selects Infosys as developer 

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Government clears Rs 4,242 crore IT-filing project, selects Infosys as developer