« Top Headlines » Open DEMAT Account in 24 hrs  ITR Filing: 6 Ways to Get Exemption on Income Tax  Income Tax Return Filing: 10 Mistakes To Avoid When Filing ITR For AY 2024-25  Old vs New Tax Regime: Who should move to the New Tax Regime from the old one?  Income Tax Calculator FY 2023-24: How To Know Your Tax Liability Online On IT Dept's Portal?  BackBack Income Tax Act amendment on cards on tax treatment of MSME dues  ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing. Check details here  Income tax slabs FY 2024-25: Experts share these 8 benefits for taxpayers in new income tax regime  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 «  Clarification on filing returns... No consistency in PE income attribution... » No more filing returns at post offices July, 10th 2007 The income tax department is planning to withdraw a facility introduced last year for filing tax returns at around 2,000 post offices, owing to incomplete and inaccurate returns. Nearly 350,000 returns were filed through post offices last year.   Many returns did not even contain the permanent account number and circle name and had a branch code number instead of the banks MICR (magnetic ink character recognition) code, said a revenue department official, confirming the move.   This has meant virtually none of the 350,000 returns could be processed. Though the department tried, it could not process the returns. The lack of exposure of post office staff to spot inaccuracies meant they could not reject the returns, the official added.   We are in discussion with the income tax department (on the issue). But no decision has been taken so far, a postal department official said, when contacted.   According to the income tax official, however, the income tax department is awaiting clearance from higher authorities since the decision involves another government department and public interest.   With the July 31 deadline approaching for filing returns by salaried individuals, the self-employed, small enterprises with a turnover of less than Rs 40 lakh and professionals with receipts of less than Rs 10 lakh a year, the withdrawal of the post office filing facility may result in large queues in front of income tax offices and special counters.   About 12.6 million returns were received up to July 31 in 2006, an increase of 37 per cent over the same period in 2005. Some 1.8-2 million more returns are expected to be filed this year.   Meanwhile, the income tax department will soon extend the refund banker scheme beyond Delhi and Patna to Mumbai, Chennai and Bangalore.   It is also launching a taxpayers education programme to guide taxpayers on how to file returns on the new forms notified recently. The web-enabled English and Hindi versions will also be available on the website www.incometaxindia.gov.in.