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 »
 Here are other documents you need to file online ITR Got your Form-16 for FY18?
 10 must have documents to file your tax return
 Know all about how to file ITR FY 2017-18
 Government extends sale of pre-GST goods with stickers of revised price till July 31
 All 7 ITR forms for assessment year 2018-19 activated for e-filing: Income Tax Department
 Check if new salary structure is income tax efficient
 GST refund drive extended till June 16
 5 income tax returns filing mistakes you must avoid
 Your complete guide to file income tax return
 Input Tax Credit refund drive till June 14
 File Your Income Tax Return for FY 2017-18 Immediately, Know Why

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