Hi friendz,
Can nyone tell me in which all cases Compulsory E- Filing of IT return is demanded.....................?????
Thanx in Advance :-)
12 Replies
CA. RUPESH JOSHI
(Chartered Accountant)
(174 Points)
Replied 21 January 2010
In exercise of powers conferred by section 139D read with clause (eebb) of sub-section (2) of section 295, it has been provided in sub-rule (3) of rule 12 that it shall be mandatory for the firms to whom provisions of section 44AB are applicable and for the companies (other than the companies claiming exemption under section 11) to furnish the return of income/ fringe benefits electronically in the manner mentioned at (ii) or (iii) of paragraph 3. The return of income/ fringe benefits in Form ITR-7 by charitable/ religious trusts, political parties and other non-profit is to be furnished in the paper form only. All other taxpayers has the option to furnish the return of income/ fringe benefits in any of the manner
PRAVEEN KUMAR
(MBA (Finance) B.Com.(P))
(3443 Points)
Replied 21 January 2010
It is mandatory for Companies and Firms requiring Section 44AB audit to submit the Income tax returns electronically for AY 2007-08 onwards .
Any Company and Firm requiring Section 44AB audit return without an e-filing receipt will not be accepted.
kavitha.k
(Associate)
(61 Points)
Replied 21 January 2010
eFiling of Income Tax Returns is mandatory for a company and a firm liable to audit under section 44AB of the IT Act, it is optional for other categories of Indian Direct tax payers
CA. Savitha vijayan
(Chartered Accountant)
(212 Points)
Replied 21 January 2010
Thanks a looooot for the reply friends...
R.V.Raman
(Article Clerk)
(73 Points)
Replied 22 January 2010
E – Filing of Income Tax Returns
It is mandatory in the following cases
i) A Firm liable to audit under section 44AB.
ii) Every Company – irrespective of the fact whether it is liable to audit under section 44AB or not.
Note: An individual who is liable to audit under section 44AB-- It is not mandatory in this case to file electronically.
CA. RUPESH JOSHI
(Chartered Accountant)
(174 Points)
Replied 22 January 2010
| Originally posted by : R.V.Raman | ||
 |
E – Filing of Income Tax Returns Note: An individual who is liable to audit under section 44AB-- It is not mandatory in this case to file electronically. |
 |
Mr. R.V. Raman
I would like to correct you in this respect;
it has been provided in sub-rule (3) of rule 12 that it shall be mandatory for all the firms to whom provisions of section 44AB are applicable; to e-file the I.Tax Returns. Firms include proprietory firms i.e individuals
Bimal Thacker
(Proprietor)
(767 Points)
Replied 22 January 2010
Rupeshji
I have not found in the act which says firm includs proprietory firm i.e. individual.
Mr Raman is correct An individual who is liable to audit under section 44AB-- It is not mandatory in this case to file electronically.
I have filled so many return since last 3 years of individual having proprietory firm manually and it is accepted by the department.
BISWAJIT DAS
(PRACTICE IN TAXATION)
(28 Points)
Replied 01 July 2010
e filling is not mandatory to all assessee.only for company & firm whose accounts r audited 44ab
sssvkSridharan R.
(CA (Final) Salem. Tamilnadu. sssvksridhar@yahoo.co.in)
(218 Points)
Replied 24 June 2011
| Originally posted by : Bimal Thacker | ||
|
|
Rupeshji
I accept quotation of Mr. Bimal Thacker.
|
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CA Bala Krishna Marthala
(Chartered Accountant)
(49 Points)
Replied 30 July 2012
compulsoty E- filing is applicable in the case the following persons-
1)Those assessees whose total income is Rs.10 lakhs
2)who has assets outside india i.e. foreign assets
3)HUF
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