E - Filing Of Returns u/s 44AB

This query is : Resolved 

20 September 2008 Hi is it Cmpulasory to file the Tax Audit returns fo all the Individuals and companies to do E - filing of Returns ?

20 September 2008 It is mandatory for Companies and Firms requiring statutory audit u/s 44AB to submit the Income tax returns electronically for AY 2007-08.
Any Company/Firm requiring statutory audit u/s 44AB return submitted without a e-Filing receipt will not be accepted.


**DM

20 September 2008 The process of electronically filing Income tax returns through the internet is known as e-filing. It is mandatory for Companies and Firms requiring Section 44AB audit to submit the Income tax returns electronically for AY 2007-08. Any Company and Firm requiring Section 44AB audit return without an e-filing receipt will not be accepted. The Income Tax Department is keen to encourage efiling of IT returns by all taxpayers in view of the following benefits to taxpayers.

* Anywhere-Anytime Filing
* No long queues
* No Personnel Interface
* Quick Processing
* Accurate data in return


**DM


20 September 2008 E filing of tax returns is mandatory for firms having tax audit and all corporate assessees.

20 September 2008 E filing is mandatory for individuals also ,if covered u/s 44AB ,from asst.year 2008-09 onwards.

24 September 2008 @ B.Chakrapani >>
Please provide the notification to effect that.

**DM

28 October 2008 **DM
My answer is wrong. It was due to a mistaken understanding of Rule 12 of the Incometax rules,1962.
The view of DM and Sekar is the correct answer.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries