25 May 2011
E-filing of I-T Return is now mandatory for Individuals and HUF where books of accounts have to be audited u/s 44AB. For companies E-filing of I-T Return- ITR-6 with Digital Signature is mandatory.
25 May 2011
CBDT has issued a notification 49/2010 vide which few changes has been made in the process of filing of Income tax return from Asssement year 2010-11.Now every person (including Individual and HUF) who is covered under section 44AB audit case is liable to file his return through e filing mode only .However in e filing ,person can file return through digital signature or otherwise .However for companies , e filing of Income tax return is mandatory through digital signature only.
New rules is given here under for your ready reference Income-tax (Seventh Amendment) Rules, 2010 – Amendment in rule 12
In exercise of the powers conferred by section 295 read with section 139 of Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely : -
1. (1) These rules may be called the Income-tax (7th Amendment) Rules, 2010.
(2) They shall come into force from the date of their publication in the Official Gazette.
2. In the Income-tax Rules 1962, in rule 12, in sub-rule (3), in the proviso, for clause (a), the following clauses shall be substituted, namely :-
“(a) a firm required to furnish the return in Form ITR-5 and to whom provisions of section 44AB are applicable shall furnish the return in the manner specified in clause (ii) or clause (iii);
(aa) an individual or HUF required to furnish the return in Form ITR-4 and to whom provisions of section 44AB are applicable shall furnish the return for Assessment Year 2010-11 and subsequent Assessment Years in the manner specified in clause (ii) or clause (iii);
(ab) a company required to furnish the return in Form ITR-6 shall furnish the return for Assessment Year 2010-11 and subsequent Assessment Years in the manner specified in clause (ii)’
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