E-filing has been made mandatory for all corporate taxpayers

E-filing has been made mandatory for all corporate taxpayers. They can file their income tax and Fringe Benefit Tax (FBT) returns combined in Form No.1. For other taxpayers e-filing is optional. They may e-file their return in Form No.2, Form No.2F, and Form No.3. Those who have filed their income tax returns in any of the above forms, or any other form, may e-file their FBT return in Form No.3B.

The tax returns can be e-filed either using digital signature or without digital signature. If the e-filing is without digital signature, the taxpayer will also have to file a paper return.

Details regarding which form is to be used by whom, are laid down in Circular No.9/2006 dated 10th October, 2006 issued by the Central Board of Direct Taxes, Department of Revenue. The circular is available on the above mentioned website.

This e-filing initiative not only propels Indian taxation into the digital era but will also enable the government to interface with the stakeholders more efficiently.

Taxpayers can now file their returns through the internet on the department’s web-site http://incometaxindiaefiling.gov.in.

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