Monday, May 28, 2007

 

E-Filing of Returns

What is e-Filing?


1.The process of electronically filing Income tax returns through the internet using the government secured website is known as e-filing.

2.It is mandatory for companies to submit the Income tax returns electronically for AY 2006-07 and onwards.

3.As per the directions of Incometax Department, any company return submitting without a e-filing receipt should not be accepted

4.E-filing is possible with or without digital signature (digital signature can be purchased from the government designated offices.


Types of e-Filing
There are three ways of filing returns electronically:


Option 1: Use of digital signature where no paper return is required to be submitted.

Option 2: File without use of digital signature where paper return has to be submitted with which the efiling acknowledgement number is required to be submitted.

Option 3: File through an e-return intermediary who will do e-filing and also file the paper return on behalf of the taxpayer with which the efiling acknowledgement number is required to be submitted.




E-Filing of Returns-Blogsboard

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