CBDT issues notification making e-Filing of Income Tax returns mandatory
July, 04th 2012
PRESS INFORMATION BUREAU
GOVERNMENT OF INDIA
CBDT ISSUES NOTIFICATION MAKING E-FILING OF INCOME TAX RETURNS
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
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.