« Top Headlines » Open DEMAT Account in 24 hrs  Govt to notify new ITR forms, Income Tax Act 2025 rules by January 2026: CBDT chief  Digital Efficiency for MSMEs: The Tally Prime Advantage  5 Ways Tally Prime Reduces Cost and Boosts Productivity for Startups  Result of the Information Systems Audit [ISA] Assessment Test held on 8th November 2025 is likely to be declared on late evening (around 9 pm) of 16th November 2025.  Income Tax: What is revised I-T return which you can file till the end of the calendar year?  Creating Vouchers Directly from Bank Statements in Tally Prime A Complete Step-by-Step Guide  Payroll Management in Tally Prime 7.0 Expected Enhancements, Current Features, and Future Scope  How to Change Current Period in Tally Prime Step-by-Step Guide for Users  Global Payroll Management with Tally Prime: How International Businesses Use It Beyond India  How to Manage B2B HSN Codes in Tally Prime: A Complete Guide for Businesses  How to Check Business Revenue in Tally Prime: A Complete Step-by-Step Guide «  Expenses on bonus shares is revenue expenditure, rules SC... RTI: Right to Invade (tax) privacy?... » Online tax filing foxes corporates October, 03rd 2006 The process of corporate return filing seems to be getting on the nerves of tax-payers. Not only industrialists but also professional chartered accountants are puzzled over the process of online filing system introduced by the income tax department. Although the last date for filing returns with the income tax department has been scheduled for October 31, 2006, tax-payers find themselves in a Catch-22 situation. Hence they are not able to spare any time for celebration of forthcoming festivals. Professional chartered accountants are of the view that the new changes made to help filing returns a hassle-free affair for tax-payers. But a thorough study of the changes and ample time are required before filling returns. The income tax department has made it compulsory for tax-payers to process the return on the internet. Companies may also file their returns through the digital signature system, but the provision is optional. A chartered accountant, Manish Dafaria, told mediapersons that although the department informed the tax-payers about the changes long ago, the information regarding the software to be used for filing returns was released as late as September 15, 2006. As a result, things have become complicated. The digital signature system and electronic format are unfamiliar for taxpayers in Indore. No doubt, the department has provided the software free of cost on its web-site.