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 RELEASEThe 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-