Online filing

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Querist : Anonymous

Querist : Anonymous (Querist)

25 May 2011 IS online filing of income tax return compulsory for all kind of assessees for A.Y.2011-12 compulsory?? please clarify

Suresha R

Suresha R (Expert)
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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.

ref : Amended Rule 12, Income Tax Rules 1962

Suresha R

Suresha R (Expert)
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25 May 2011 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

Suresha R

Suresha R (Expert)
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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

Notification No. 49/2010[F.No.142/15/2010-TPL], dated 9-7-2010

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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