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e-Filing of ReturnsAn Overview of the Process
of e-Filing of Returns
What is e-Filing
• The process of electronically filing Income tax returns through the internet is known as e-Filing.
• 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.
• e-filing is possible with or without digital signature.
Relevant Notifications, Circulars & Instructions 2006-07 & 2007-08
• New forms ITR1 to ITR 8 for AY 2007-2008 notified on 14th May’07.
• Circular no. 3/2007 issued on 25th May’07 regarding acceptance of paper returns for companies and firms covered by 44AB under certain circumstances.
• Circular no 9/2006 - Exhaustive explanation of the entire scheme of e-Filing for Public.
• Circular No 12/ 2006 – E-filing not mandatory for Representative Assessee.
• Instruction no. 7 dt 10/10/2006 - Exhaustive explanation & other guidelines for department of the entire scheme of e-Filing for Public.
• Vide Notification No. 128/2006, dated 1-6-2006 S.O. 848 (E), Form 2F was notified &Vide NOTIFICATION NO. 189/2006, dated 24-7-2006 Forms 1, 2, 3, 3B were notified.
Relevant Notifications, Circulars & Instructions Relevant Notifications, Circulars & Instructions Historical PerspectiveHistorical Perspective
• Vide Notification No. 253 of 2004, dated 30th Sep., 2004 S.O.1073(E), Electronic Furnishing of Return of Income Scheme, 2004 was notified for e-Filing of returns:
• An eligible person may, at his option, furnish his return of income which he is required to furnish under sub-section (1) of section 139 of the Act for the assessment year 2004-05 and any subsequent assessment year, to an e-Return intermediary.
• Digital signature, e-return, e-return intermediary were defined in this scheme
Types of e-Filing … AY 2007-08
• There are three ways to file returns electronically• Option 1: Use digital signature in which case no paper return is
required to be submitted• Option 2: File without digital signature in which case ITR-V form is to
filed with the department. This is a single page receipt cum verification form.
• Option 3: File through an e-return intermediary who would do e-Filing and also assist the Assessee file the ITR V Form .
New IT Returns – Annexure-less FormsFor Individuals, HUF
Select appropriate Income Tax Return (ITR) Preparation Software
ITR-1 ITR-2 ITR-3 ITR-4
Individual Individual Individual Individual
& HUF & HUF & HUF
1 Income from Salary/Pension ▪ ▪ ▪ ▪
2 Income from Other Sources (only Interest income or Family Pension)
▪ ▪ ▪ ▪
3 Income/Loss from Other Sources▪ ▪ ▪
4 Income/Loss from House Property ▪ ▪ ▪
5 Capital Gains/Loss on sale of investments/property ▪ ▪ ▪
6 Partner in a partnership Firm ▪ ▪
7 Income from Proprietary Business/Profession ▪
New IT Returns – Annexure-less Forms
For Association of Persons (AoP), Body of Individuals (BoI), Local Authority, Companies, Trusts, Fringe Benefit Tax (FBT) Return
Select appropriate Income Tax Return (ITR) Preparation Software
ITR-5 ITR-6 ITR-7 ITR-8
Firms, AoP, BoI, LA
Companies Trusts Only FBT
1 Income/Loss from Other Sources ▪ ▪ ▪
2 Income/Loss from House Property ▪ ▪ ▪
3 Capital Gains/Loss on sale of investments/property ▪ ▪ ▪
4 Income/Loss from Business▪ ▪ ▪
5 Fringe Benefit Tax▪ ▪ ▪ ▪
ITR-7 will not be available for e-Filing
Change in Procedure of e-Filing
Type Change
For Digitally signed Returns
No change
Paper Returns – Two step Procedure
After uploading data – Instead of filing paper return Assessee to file verification Form Called ITR-V (Combination of Acknowledgement of e-return & Verification)
Paper Returns – through e -intermediaries
e-Filing Process – At a glance
• Select appropriate type of Return Form • Download Return Preparation Software for selected Return Form. • Fill your return offline and generate a XML file. • Register and create a user id/password • Login and click on relevant form on left panel and select "Submit
Return" • Browse to select XML file and click on "Upload" button • On successful upload acknowledgement details would be displayed.
Click on "Print" to generate printout of acknowledgement/ITR-V Form.
e-Filing Process – At a glance
• Incase the return is digitally signed, on generation of "Acknowledgement" the Return Filing process gets completed. You may take a printout of the Acknowledgement for your record.
• Incase the return is not digitally signed, on successful uploading of e-Return, the ITR-V Form would be generated which needs to be printed by the tax payers. This is an acknowledgement cum verification form. The tax payer has to fill-up the verification part and verify the same. A duly verified ITR-V form should be submitted with the local Income Tax Office within 15 days of filing electronically. This completes the Return filing process for non-digitally signed Returns.
Thank you