WebJun 9, 2024 · — Income Tax India (@IncomeTaxIndia) June 7, 2024. Infosys won the contract to develop the income tax portal in 2024. It was intended to be a tool to make it easier for Indian taxpayers to file and claim refunds. However, its June 2024 debut was so badly botched that within a week of launch the government reverted to manual tax filings. WebJul 26, 2024 · The government paid Rs 164.5 crore to Infosys to build the new income tax e-filing portal between January 2024 and June 2024, Parliament was informed on Monday.
Finance Ministry summons Infosys CEO again on tax portal glitches
WebUse cases that automate compliance: Use case 1: Reconciliation of tax deduction waiver applications: Tax payers submit same forms to avail tax deduction waiver at multiple financial institutions leading to tax pilferage (over utilization of permitted limits of exemption) due to absence of real time reconciliation amongst institutions. Blockchain … WebSep 23, 2024 · Therefore, the government entrusted the task to tech giant Infosys. In 2024 the entity was given the contract to develop the new income tax portal, replenishing the old one, in a proposal to decrease the processing tenure from 63 days to one day for a total expenditure of Rs4,200 crore. nalanda university found by
Infosys to fix glitches on income tax portal, as users face issue
WebThe government has selected information technology firm Infosys Ltd to implement the project after a competitive bidding process. “The turnaround time to process an income … WebIn many cases, companies are deducting TDS on amount paid to such contract employees either under Section 194J or Section 194H or Section 194D. TDS in such cases is normally being deducted at a flat rate of 10%. Recommended Read: TDS Rate Chart. Such workforce won’t be issued the Form 16 as well because Form 16 is only issued to regular ... WebAug 22, 2024 · In 2024, Infosys was awarded a contract to develop the next-generation income tax filing system to reduce processing time for returns from 63 days to one day and expedite refunds. meds for nausea and vomiting