• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • About Us
  • Executive Team
  • Investors
  • Privacy Policy
  • Terms Of Use
  • Contact Us

  • Blog
  • Tax Services
    • E-file ITR for Salaried
    • E-file ITR for Business
    • TDS E-file for Business
    • Manage Tax Practice
  • Tax Optimizer
    • Optimize Tax – Salaried
    • Optimize Business Tax
  • Help
    • FAQs
    • Glossary
    • Resources
    • Product Tour
    • Tax Calculator
  • Efiling
  • Income & Investments
  • Tax Compliance
  • Tax Optimization
  • Tax Refunds

Digital Signatures Now Mandatory for Companies Filing Returns

June 24, 2016 by Sudhir Kaushik

It has now become compulsory for companies to use digital signatures for filing their returns. Till now, firms could file the returns even without the digital signature. Filing returns electronically has been made mandatory also for the individuals whose accounts, under the I-T Act, have to be audited.
Under the income tax law, accounts have to be audited if the turnover or the gross receipt from a business are more than Rs. 40 lakhs (Rs.60 lakhs 2011-12 onwards), or, if the turnover or the gross receipt from any profession is more than Rs.10 lakhs (Rs.15 lakhs 2011-12 onwards).
The Central Board of Direct Taxes (CBDT) has made an amendment in the rules relating to ‘electronic filing of tax returns vides Notification No.49/2010 dated 9th July 2010’. These changed rules will apply with effect from the date when they’re notified in the official gazette.
Commissioner of income tax, Central Processing Centre (CPC), Sanjay Verma said that the date when one can collect forms for filing tax, Sugam (for small businessmen and professionals) and Sahaj (for salaried people) will also be announced soon. These forms will cost Rs 5. Also, one will be able to view the status of his tax refunds online.

Filed Under: Tax Refunds

Primary Sidebar

E-mail Newsletter

  • Facebook
  • Instagram
  • LinkedIn
  • RSS
  • Twitter
  • YouTube

More to See

TDS RETURN FILING: know law, software process and benefits of outsourcing

September 21, 2022 By Aastha Sharma

How Salary Restructuring Helped in Saving Tax?

August 17, 2022 By Sudhir Kaushik

Tags

advance tax black money budget 2017 claims tax benefits CTC Direct Tax Burden e-file tax return elss ultimate returns form 16 gratuity hard earned money home loan nps HRA income expenses income tax declaration income tax department income tax return income tax saving investment declaration Investment tax saving investor financial needs long-term capital gains medical leave encashment National Pension System NPS plan your investments presumptive taxation scheme retirement benefits return filing deadline save tax section 80c self assessment tax service tax short-term capital gains Suggestions Budget 2017 tax tax-free tax details salaried taxpayers tax efficiency tax optimization tax return filing tax saving tax saving tips taxspanner undeclared income

Footer

Services

  • E-file Tax Returns
  • Tax Optimizer
  • Respond To ITD
  • Consult Experts
  • Tax Practitioners
  • TDS Returns

Help

  • Product Guide
  • FAQs
  • Tax Calculators
  • Glossary
  • Contact Us
  • Forget Password

Taxspanner logo
TaxSpanner is India’s largest and most trusted website that offers online preparation and filing of individual Income Tax Returns (ITR).

Read More

Copyright © 2023 · Span Across IT Solutions Private Limited.