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: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: VAT RATES :: list of goods taxed at 4% :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: due date for vat payment :: ACCOUNTING STANDARDS :: empanelment :: TDS :: VAT Audit :: cpt :: Central Excise rule to resale the machines to a new company
 
 
« Direct Tax »
 Can we measure demonetisation’s impact on income tax collections?
 CBDT signs 2 more advance pricing pacts
 Income tax returns: How to calculate income from house property
 CBDT proposes new accounting standards for real estate firms
 1 lakh entities face I-T action as ‘clean money’ drive gains pace
 Here are 4 things to know about how CBDT improves ease of doing business by issuing PAN and TAN within 1 day
 Online platforms make tax filing easy, help fill details automatically
 Delhi HC refuses to stay tax case against Young Indian
 CBDT issues draft ICDS on real estate
 CBDT chairman Sushil Chandra gets one-year extensiona
 Income-tax (9th Amendment) Rules, 2017? - Amendment of Income-tax Rules, 1962 - Prescribing form & manner of exercise of option by the domestic company for the purposes of section 115BA of the Income-tax Act, 1961-reg

CBDT issues notification making e-Filing of Income Tax returns mandatory
July, 04th 2012
                                                                                            "15"
                                                                                       pib.nic.in
                             PRESS INFORMATION BUREAU
                               GOVERNMENT OF INDIA
                                        *****

 CBDT ISSUES NOTIFICATION MAKING E-FILING OF INCOME TAX RETURNS
                           MANDATORY

                                                            New Delhi: Ashadha 11, 1934
                                                                          July 02, 2012


        Central Board of Direct Taxes (CBDT) has issued a notification S.O. 626(E) dated
28th March 2012 vide which e-Filing has been made compulsory for Assessment Year 2012-13
onwards for

        an individual or a Hindu undivided family, if his or its total income, or the total
        income in respect of which he is or it is assessable under the Act during the
        previous year, exceeds ten lakh rupees; and

        an individual or a Hindu Undivided Family (HUF), being a resident, having assets
        (including financial interest in any entity) located outside India or signing
        authority in any account located outside India and required to furnish the return
        in Form ITR-2 or ITR-3 or ITR-4.




         However, digital signature will not be mandatory for these taxpayers and they can
also transmit the data in the return electronically and thereafter submit the verification of the
return in Form ITR-V.

        Filing of returns electronically under digital signatures is already mandatory for any
company required to furnish the return in Form ITR-6 or a firm required to furnish the return
in Form ITR-5 or an individual or HUF required to furnish the return in Form ITR-4 and to
whom provisions of section 44AB are applicable.

          The Income Tax Department has received a record number of 1.64 crore income tax
returns electronically in the year 2011-12. E-filing is an easy, fast and secure method of filing
of income tax return. The electronically filed returns are processed at the Centralized
Processing Centre, Bengaluru (Karnatka). The processing for e-filed return is faster and
taxpayers get their refunds, if due, quickly. The Department also provides some value added
services like tracking of refunds, viewing tax credit status (Form 26AS), e-mail and SMS
alerts regarding status of processing and refunds to taxpayers who e-file their returns.

                                             ********


 DSM/SS/GN



 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Bath SEO Company Birmingham SEO Company Bradford SEO Company Brighton and Hove SEO Company Bristol SEO Company Cambridge SEO Company Canterbury SEO Company Carlisle SEO Company Chester SEO Company Chichester SEO Company Coventry SEO Compan

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