Individual taxpayers, too, soon may have to file returns electronically.
The Central Board of Direct taxes (CBDT) is considering a proposal to make electronic filing of income tax returns compulsory for certain class of assesses. “We have taken the power to classify as to who will be filing the returns electronically and once the Budget is passed by Parliament, we will decide,” Anita Kapur, joint secretary (CBDT) said at a post Budget meeting of the Institute of Chartered Accountants of India (ICAI) on Friday.
The department hopes that the move will reduce corruption and harassment to taxpayers as well as to check any manipulation of returns by Income tax officials and assessees.
The proposed amendment in the I-T Act in the Finance Bill, 2007 empowers CBDT to make rules for the class or classes of persons who would be required to furnish the return in electronic form along with documents. However, the Budget empowers CBDT to make it compulsory for certain class of taxpayers. The board would define this class in the next few months, Kapur said.
The government had allowed e-filing of returns by indi vidual taxpayers last year. However it was done on a pilot basis, and was not compulsory.
So far tax authorities have not been very keen on making e-fling of returns mandatory for all assessees as they are of the view that it would not be possible to deal with the sheer numbers without a completely computerised tax system. E-filing of returns by all taxpayers may be made compulsory once the department is fully computerised.
E-filing of returns to become compulsory soon
Last updated: 22 June 2021
Follow on
Google News
News posted by
CCI News Desk
Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.
Comments
Recent News :
- Social Protection Fund Notified as Specified Person Under IT Act 2025 for Tax-Exempt Investments in India
- Centre Revises Excise Duty Rates on Petrol and Diesel Components; Changes Effective from 16th July 2026
- CBDT Notifies Cost Inflation Index (CII) for FY 2026-27 Under Income Tax Act, 2025
- ICAI Keeps Global Networking Guidelines 2025 in Abeyance Until Further Orders
- Direct Tax Collections Rise 16.4% to Rs 6.51 Lakh Crore as on 13th July 2026 for FY 2026-27
- Finance Ministry Empowers DRAT Delhi Chairperson to Decide PNB Appeals
- MSME-MCA Internship Claim False: PIB Advises Citizens Not to Share Personal Information
- FM Sitharaman Reviews RBI Swap Schemes; Banks Report Strong NRI Response to FCNR(B) Deposits
- Over 1.7 Crore Taxpayers Filed ITRs for AY 2026-27
- CBIC Allows Extension Beyond 2-Year Limit Under Customs Notification 8/2016
Popular News
- GSTN Revises Amendment of Aggregate Annual Turnover (AATO) Amendment Timeline for FY 2025-26
- CBDT Condones Delay in Filing Form 10AB for 80G Approval Applications Till 31st March 2026
- CBDT Notifies TDS Exemption on Aircraft Lease Rentals Paid to IFSC Units Under Income Tax Act, 2025
- GSTN Releases FAQs on Mandatory Ship-to Field and Voluntary E-Way Bill Closure 2026
- CBDT Notifies TDS Exemption for Specified Payments to IFSC Units Under Income Tax Act 2025
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
