« Top Headlines » Open DEMAT Account in 24 hrs  How To File ITR Online - Step by Step Guide to Efile Income Tax Return, FY 2023-24 (AY 2024-25)  Old or new tax regime for TDS on salary? This post-election 2024 event will impact your tax planning  What Are 5 Heads Of Income Tax?  Income Tax Dept releases interim action plan for FY25 on tax collection, refund approvals   Income Tax Return: 5 lesser-known tax-saving tips from Section 80  Income Tax Return: 5 lesser-known tax-saving tips from Section 80  Why you need not rush to file your ITR immediately  Income tax returns: ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing  Section 80DDB tax benefits for specified illnesses: 5 things to know  Income tax slabs FY 2024-25: Five tips to help taxpayers decide between old and new income tax regimes  ITR-1, ITR-2, ITR-4 forms for FY 2023-24 (AY 2024-25) available now on e-filing income tax portal «  Expenses on bonus shares is revenue expenditure, rules SC... RTI: Right to Invade (tax) privacy?... » Online tax filing foxes corporates October, 03rd 2006 The process of corporate return filing seems to be getting on the nerves of tax-payers. Not only industrialists but also professional chartered accountants are puzzled over the process of online filing system introduced by the income tax department. Although the last date for filing returns with the income tax department has been scheduled for October 31, 2006, tax-payers find themselves in a Catch-22 situation. Hence they are not able to spare any time for celebration of forthcoming festivals. Professional chartered accountants are of the view that the new changes made to help filing returns a hassle-free affair for tax-payers. But a thorough study of the changes and ample time are required before filling returns. The income tax department has made it compulsory for tax-payers to process the return on the internet. Companies may also file their returns through the digital signature system, but the provision is optional. A chartered accountant, Manish Dafaria, told mediapersons that although the department informed the tax-payers about the changes long ago, the information regarding the software to be used for filing returns was released as late as September 15, 2006. As a result, things have become complicated. The digital signature system and electronic format are unfamiliar for taxpayers in Indore. No doubt, the department has provided the software free of cost on its web-site.