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    Jul 13, 2010

    CBDT has amended the rule of e-filing of income tax returns

    Central board of direct taxes has amended the rules of electronically filing of income tax return. The full notification is as under.

    No.402/92/2006-MC (35 of 2010)
    Government of India / Ministry of Finance
    Department of Revenue
    Central Board of Direct Taxes
    ***
    New Delhi the 12th July 2010
    PRESS RELEASE
    The Central Board of Direct Taxes (CBDT) has amended the Rules
    relating to electronic filing of income tax returns vide Notification
    No.49/2010 dated 9th July 2010
    . The amended Rules will apply with effect
    from the date of notification in the official gazette.
    As per the amended Rules, it is now mandatory for all companies to
    file income tax return electronically in Form No.ITR-6 with digital
    signature. Earlier, companies could file their electronic returns with or
    without digital signature.
    Further, now all individuals and Hindu Undivided Families (HUFs),
    who are required to get their accounts audited under section 44AB of the
    Income Tax Act 1961, are also required to file their income tax return in
    Form No.ITR-4 electronically with or without digital signature. Earlier, this
    condition was applicable only to companies and partnership firms.
    Accounts are required to be audited under the income tax law, if
    turnover or gross receipts from business exceeds Rs.40 lakh (Rs.60 lakh
    from assessment year 2011-12 onwards), or if turnover or gross receipts
    from profession exceeds Rs.10 lakh (Rs.15 lakh from assessment year 2011-
    12 onwards).

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