E- filing Income Tax return

 In exercise of powers conferred by section 139D read with clause (eebb) of sub-section (2) of section 295, it has been provided in sub-rule (3) of rule 12 that it shall be mandatory for the firms to whom provisions of section 44AB are applicable and for the companies (other than the companies claiming exemption under section 11) to furnish the return of income/ fringe benefits electronically in the manner mentioned at (ii) or (iii) of paragraph 3. The return of income/ fringe benefits in Form ITR-7 by charitable/ religious trusts, political parties and other non-profit is to be furnished in the paper form only. All other taxpayers has the option to furnish the return of income/ fringe benefits in any of the manner  

It is mandatory for Companies and Firms requiring Section 44AB audit to submit the Income tax returns electronically for AY 2007-08 onwards .

Any Company and Firm requiring Section 44AB audit return without an e-filing receipt will not be accepted. 

eFiling of Income Tax Returns is mandatory for a company and a firm liable to audit under section 44AB of the IT Act, it is optional for other categories of Indian Direct tax payers

Thanks a looooot for the reply friends...

praveen is right..............

E – Filing of Income Tax Returns

Originally posted by : R.V.Raman
	E – Filing of Income Tax Returns   Note:  An individual who is liable to audit under section 44AB-- It is not mandatory in this case to file electronically.

Mr. R.V. Raman

I would like to correct you in this respect;

it has been provided in sub-rule (3) of rule 12 that it shall be mandatory for all the firms to whom provisions of section 44AB are applicable; to e-file the I.Tax Returns. Firms include proprietory firms i.e individuals

All R Right

Rupeshji

I have not found in the act which says firm includs proprietory firm i.e. individual.

Mr Raman is correct An individual who is liable to audit under section 44AB-- It is not mandatory in this case to file electronically.

I have filled so many return since last 3 years of individual having proprietory firm manually and it is accepted by the department.

e filling is not mandatory to all assessee.only for company & firm whose accounts r audited 44ab

compulsoty E- filing is applicable in the case the following persons-

1)Those assessees whose total income is Rs.10 lakhs

2)who has assets outside india i.e. foreign assets

3)HUF