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New e-filing scheme for companies soon
October, 11th 2006
The central board of direct taxes (CBDT) will soon notify a new scheme for the electronic filing of income tax returns by corporate assessees. E-filing of returns is mandatory for companies this fiscal. About 4 lakh corporate taxpayers in the country will be brought under the new scheme. Senior officials said that the new filing scheme would be user-friendly. The last date for filing of returns by corporate assessees, barring those registsred in Gujarat, is October 31. Since many small companies might prefer to go without digital signatures which costs Rs 25,000the CBDT is set to nominate intermediaries for accepting the returns that are filed electronically.
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