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File Your Income Tax Returns Online Now

By SiliconIndia   |   Thursday, June 28, 2012   |    2 Comments
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Bangalore: The deadline for tax filing is just a month away. And filing returns online seems to be the way to go this year for individuals who earn more than 10 lakh. Now these individuals don't have the option of filing tax returns offline through a tax consultant or chartered accountant anymore.

The Central Board of Direct Taxes (CBDT) has issued a notification in March making it compulsory for individuals with annual income of more than 10 lakh to file their returns online from the current financial year. The latest notification is valid for individuals and Hindu Undivided Family (HUF) taxpayers, too.

Vineet Agarwal, Director, KPMG said,  "It is now mandatory for individuals with total income above 10 lakh to file their personal tax returns online through the income tax website. Vaibhav Sankla, Director-Business Development and Tax Training, H&R Block India, said, "Further, resident individuals with assets abroad are compulsorily required to file their return electronically for AY 2012-13 and for subsequent assessment years as well," as quoted by The Economic Times.

Though many individuals may be a bit anxious about filing returns online due to security and connectivity issues, online tax filing could really be a blessing. It means you have the option of filing the returns on any day and from any location.

 

Tax payers have an alternative to file their tax returns through incometaxindiaefiling.gov.in, the tax portal run by the Income Tax Department. You don't have to pay anything to file returns through this site.


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Reader's comments(2)
1: The online incometaxindiaefiling.gov.in doesnt work !!! The page doesnt opens up instead it throws some technical errors !
Posted by:Subhash - 29 Jun, 2012
2: pl inform how to file my IT return
this information is not complete here
Posted by:S K Raman - 29 Jun, 2012
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