E - Filing Of Returns u/s 44AB

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Nagaraj SV (Querist)
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20 September 2008 Hi is it Cmpulasory to file the Tax Audit returns fo all the Individuals and companies to do E - filing of Returns ?

CA. Dashrath Maheshwari

CA. Dashrath Maheshwari (Expert)
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20 September 2008 It is mandatory for Companies and Firms requiring statutory audit u/s 44AB to submit the Income tax returns electronically for AY 2007-08.
Any Company/Firm requiring statutory audit u/s 44AB return submitted without a e-Filing receipt will not be accepted.

**DM

CA. Dashrath Maheshwari

CA. Dashrath Maheshwari (Expert)
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20 September 2008 The process of electronically filing Income tax returns through the internet is known as e-filing. It is mandatory for Companies and Firms requiring Section 44AB audit to submit the Income tax returns electronically for AY 2007-08. Any Company and Firm requiring Section 44AB audit return without an e-filing receipt will not be accepted. The Income Tax Department is keen to encourage efiling of IT returns by all taxpayers in view of the following benefits to taxpayers.

* Anywhere-Anytime Filing
* No long queues
* No Personnel Interface
* Quick Processing
* Accurate data in return

**DM

A.Sekar

A.Sekar (Expert)
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20 September 2008 E filing of tax returns is mandatory for firms having tax audit and all corporate assessees.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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20 September 2008 E filing is mandatory for individuals also ,if covered u/s 44AB ,from asst.year 2008-09 onwards.

CA. Dashrath Maheshwari

CA. Dashrath Maheshwari (Expert)
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24 September 2008 @ B.Chakrapani >>
Please provide the notification to effect that.

**DM

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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28 October 2008 **DM
My answer is wrong. It was due to a mistaken understanding of Rule 12 of the Incometax rules,1962.
The view of DM and Sekar is the correct answer.

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