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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
News Headlines »
 How much tax you have to pay on your bond investments
 Government Extends Deadline For Filing Income Tax Return, Audit Report Till Oct. 15
 First Writ Petition In The General Interest Of CA Members From Northern India
 How much tax are you liable to pay on long-term capital gains on property?
 How To Save Tax Deductions Despite New Law
 Companies (Appointment and Qualification of Directors) Sixth Amendment Rules, 2018.
 Easier tax refund regime for exporters in the works
 Income tax on your gold and real estate investments
 Extension of time limit for submitting the declaration in FORM GST TRAN-1 under rule 117(1A) of the Central Goods and Service Tax Rules, 2017 in certain cases
 How RBI dealt with the crisis amid tensions with FinMin
 Pay tax on this PF account withdrawal Income tax return (ITR) filinga

Income Tax e-filing grows seven times this fiscal
August, 11th 2008

In an indication of the growing tech-savvy taxpayers opting for e-payment for filing tax returns, the Income Tax department has registered a seven-fold increase in the number of people using the paperless facility since last year.

While 8.85 per cent tax payers filed their returns through the electronic payment facility this year, it was only 1.16 per cent last year.

The facility is also secured against possible data loss. The number of e-returns also grew by 12 times as 12.49-lakh tax payers chose the electronic medium to pay their taxes as compared to a mere 1.46-lakh tax payers during last year.

Maharashtra topped the list of e-returns with 278,112 returns while Delhi contributed 153,992 and Karnataka with 144,287. Tamil Nadu registered 118,354 e-returns and 115,798 filed e-returns in Gujarat till July 31 this year.

The tally comprises both voluntary returns (individuals and non corporate) and mandatory returns (corporates & large firms).

Transmission of data through this facility is processed through a fully encrypted website and has a Secure Socket Layer (SSL) authentication.

The servers of the department received 31,740 returns per hour at peak rate, utilising a peak bandwith of 53 mbps of the internet to receive the same data.

The e-returns are filed in a one-page ITR-V form which also bears acknowledgment and verification details along with the PAN number of the tax payer, an official said.

Through the e-return facility, payments can be made electronically through the internet with the help of credit or debit cards. The e-payment scheme is mandatory for all corporate assesses and assesses (other than company) to whom provisions of section 44AB of the Income Tax Act are applicable, according to a notification issued by the Central Board of Direct Taxes (CBDT).

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Custom Software Development Outsourcing Custom Software Development Offshore Cus

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