Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ACCOUNTING STANDARD :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: VAT Audit :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: empanelment :: TDS :: list of goods taxed at 4%
 
 
News Headlines »
 How much income tax you should pay on investments in gold?
  Best ways to save tax in 2017
 8 unknown stocks that could yield huge returns
 Government may set threshold for probe into deposits to prevent harassment of taxpayers
 How to calculate capital gains tax
 April 1 still the target for GST: FM
 How to respond to CBDT’s tax compliance notice
 Goods & Services Tax (GST)(As On 01-01-2017)
 Excise, service taxpayers to migrate to GST portal by January 31
 Tax numbers belie slowdown: FM
 Income tax (1st Amendment) Rules, 2017

CBDT to make e-filing of returns compulsory
March, 10th 2007

Individual taxpayers, too, soon may have to file returns electronically.
The Central Board of Direct taxes (CBDT) is considering a proposal to make electronic filing of income tax returns compulsory for certain class of assesses.

We have taken the power to classify as to who will be filing the returns electronically and once the Budget is passed by Parliament, we will decide, Anita Kapur, joint secretary (CBDT) said at a post Budget meeting of the Institute of Chartered Accountants of India (ICAI) on Friday.

The department hopes that the move will reduce corruption and harassment to taxpayers as well as to check any manipulation of returns by Income tax officials and assessees.

The proposed amendment in the I-T Act in the Finance Bill, 2007 empowers CBDT to make rules for the class or classes of persons who would be required to furnish the return in electronic form along with documents.

Online Onus
The move will reduce corruption and harassment to taxpayers as well as to check any manipulation of returns by Income tax officials and assessees
The proposed amendment in the I-T Act empowers CBDT to make rules for the class or classes of persons who would be required to furnish the return in electronic form
 
However, the Budget empowers CBDT to make it compulsory for certain class of taxpayers. The board would define this class in the next few months, Kapur said.

The government had allowed e-filing of returns by indi vidual taxpayers last year. However it was done on a pilot basis, and was not compulsory.

So far tax authorities have not been very keen on making e-fling of returns mandatory for all assessees as they are of the view that it would not be possible to deal with the sheer numbers without a completely computerised tax system. E-filing of returns by all taxpayers may be made compulsory once the department is fully computerised.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Team

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions