« Top Headlines » Open DEMAT Account in 24 hrs  ITR filing deadline nears: How to file income tax return online on e-filing portal - quick 15-step guide  Will the ITR Filing Deadline Be Extended Beyond July 31 for FY 2025-26? Here's the Latest Update for Taxpayers  Income Tax Refund Delayed for AY 2026-27? 5 Common Reasons Your Refund May Be Stuck and How to Fix It  ITR Filing 2026: FM Nirmala Sitharaman Asks Tax Officials to Let Honest Taxpayers Correct Genuine Mistakes  Will Your FCNR Deposit Stay Tax-Free After Returning to India? Tax Rules Explained for NRIs  ITR Filing 2026: Section 143(1) Tax Demand Explained Reasons, Solutions, and How to Avoid Penalties & Disputes  ITR Filing 2026: Over 3 Crore Income Tax Returns Filed for AY 2026 27 Income Tax Department Urges Taxpayers to Avoid Last-Minute Rush  ITR Filing 2026: CBDT Upgrades Income Tax Portal Ahead of July 31 Deadline Key Changes Every Taxpayer Should Know  Sold house for ₹1.10 crore, tax computed on ₹1.96 crore? ITAT explains when Section 54 relief is still available  ITR 2026: How Taxpayers Earning 25 Lakh to 1 Crore Can Save Up to 1.5 Lakh Under the New Tax Regime  Old vs New Tax Regime 2026: Which Saves More Tax If You Earn 13 Lakh? «  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.