Please tell me whether it is compulsory for individuals (whose books of accounts are being audited) to file their income tax return electronically. Or can they submit them to the IT Office?
Please tell me whether it is compulsory for individuals (whose books of accounts are being audited) to file their income tax return electronically. Or can they submit them to the IT Office?
Still more & more confusion to all CA's regarding efilling of IT returns.. so better do efilling of individuals whose books of accounts are being audited..
Hi,
electronic filing of ITR is compulsory for companies and tax auditable firms. Since individual is not covered hence the ITR of individual can be filed with the IT office.
Since the individual is liable for tax audit then he is compulsory required to e file his return
Hi,
as per section 139, online filing is compulsory for tax auditable firms and companies and as per section 2(31) individual and firm both are seprate assesee hence in the lines of section 139, individual should not be covered under compulsion of electronic filling.
| Originally posted by :Shamita | ||
| " | Please tell me whether it is compulsory for individuals (whose books of accounts are being audited) to file their income tax return electronically. Or can they submit them to the IT Office? | " |
It is not compulsory for Individual for filling of return online , only for firm and company , its currently compulsory. But I suggest as it is not much difficult job to file return online, File online only as it saves Papers important for environment. So Save earth by filling return online .
Hi,
i fully agree with Jimmy that it is better to file individual return electronically. but a practical dificulty is that either you should have digital signature for filing the return or the acknowledgment duly signed by the individual will have to be sent to Banglore by ordinary post only. Only after receiving of acknowledgment by banglore office, return will be deemed to be filed for which assesee will not have any documentary proof that the acknowledgment has been received by banglore office.
| Originally posted by :Shamita | ||
| " | Please tell me whether it is compulsory for individuals (whose books of accounts are being audited) to file their income tax return electronically. Or can they submit them to the IT Office? | " |
It is not compulsory for Individual for filling of return online , only for firm and company and if u file paper return so you get at that time ack. no a
and in e -file u post ur ack.copy and then they sand back this is a long prosegure so it is good to file hard copy with itd
The respective return must be file electronically.
Efiling return is simple easy and hassle free, free from defects.
but guys do u know what many c.a.s are doing , they e file the return and then take print out of 30 pages for safety.that means double wastage
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