« Top Headlines » Open DEMAT Account in 24 hrs  Budget 2024 makes new income tax regime more attractive: See how much taxes you can now save  ITR filing 2024: New vs old income tax regimes, 6 key things to consider while filing your tax return  These five technical glitches may impact your Income tax return (ITR) filing. Know here  ITR filing 2023-24: How to optimise Section 80D deductions at the time of filing tax returns  ITR filing 2023-24: Top 7 mistakes to avoid for hassle-free income-tax return filing this year  Income tax returns for FY 2023-24: Keep these 8 tax law changes in mind while filing ITR this year  ITR Filing 2024: Know who can and cannot file income tax returns using ITR-1 this year  Income Tax Filing: 10 necessary guidelines that you must be aware of  Why you should file your income tax returns before July 31  What is Form 26AS? How to download Form 26AS to file Income Tax Return (ITR)  Income Tax Return: What are the alternatives to Form 16 that can be used while filing ITR? «  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.