« Top Headlines » Open DEMAT Account in 24 hrs  MEF 2024-25 Now Open: Submit Your Multipurpose Empanelment Form at MEFICAI.org Before October 7  Best Tax Saving Investments for Senior Citizens in 2024  60 LPA Opening Manager - Business Finance  Didn't Receive the Income Tax Refund? This Might Be the Reason  Why we need a new Income-Tax Act  ITR 2024: No tax refund yet? Here's why it's delayed and how to check  ITR Filing: Income Tax Refund Not Received Yet? Here's What to Do Now «  Mauritius plugs gaps in tax treaty... VAT forces Gujarat wet date traders to look at new turfs... » I-T dept to accept e-filings of returns October, 12th 2006 The Income Tax Department is ready for accepting e-filing of returns for income tax and fringe benefit tax by corporates and non-corporates. According to a recent notification by the Central Board of Direct Taxes, form number one--meant for filing of IT and FBT returns by corporates and form number two-- for filing of these returns by non-corporates -- have been designed as amenable to electronic filing. In case where the taxpayer does not use a digital signature, a two-step procedure has been prescribed for furnishing these forms electronically without digital signature. The first step is to transmit the details of the returns and schedules electronically without digital signature to the designated website and thereafter to file a paper return, the notification said. However, if the return is furnished electronically under the digital signature, it will not be necessary to furnish the paper returns. All corporate taxpayers are necessarily required to furnish the return for assessment year 2006-07 electronically after July 24.