E filing Returns: 9 Individuals And Entities For Whom e filing Is Mandatory

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Following taxpayers have to file their returns of income only through e-filing mode:

1. A company should furnish the return of income electronically under digital signature. Which means, corporate taxpayer should e-file their returns with the appropriate digital signature.

2. Taxpayers having total income of more than Rs 5,00,000 shall furnish the return of income electronically with or without digital signature.

Also read: Income Tax Planning: Free Online Tax Calculators for Tax Payers

E filing Returns: 9 Individuals And Entities For Whom e filing Is Mandatory

3. A firm or an individual or a Hindu Undivided Family (HUF) whose books of account are required to be audited under section 44AB should furnish the return of income electronically under digital signature.

4. A resident and ordinarily resident individual/HUF having any assets (including financial interest in any entity) located outside India or signing authority in any account located outside India should furnish the return of income electronically with or without digital signature.

5. Taxpayers claiming relief under section 90, 90A or 91 should furnish the return of income electronically with or without digital signature.

6. A person who is required to file ITR-5 shall file the same electronically with or without digital signature.

Also read: Income Tax Online: 8 Things You Can Check Through The IT Website

7. However, a firm liable to get its accounts audited under section 44AB should furnish the return electronically under digital Signature.

8. A taxpayer who is required to furnish a report of audit under section 10(23C)(iv) , 10(23C)(v), 10(23C)(vi), 10(23C)(via), 10A, 10AA, 12A(1)(b), 44AB, 44DA, 50B, 80-IA, 80-IB, 80-IC , 80-ID, 80JJAA , 80LA, 92E, 115JB or 115VW shall furnish the return of income electronically with or without digital signature.

9. A political party who is liable to file return of income shall file the same electronically with digital signature.

One copy of ITR-V, duly signed by the taxpayer, has to be sent within the period specified in this regard, i.e., 120 days by ordinary post or speed post to

"Income Tax Department - CPC,
Post Bag No. 1,
Electronic City Post Office,
Bengaluru-560100 (Karnataka).

The other copy may be retained by the taxpayer for his record. If one has linked their aadhaar card, such individuals can verify their return online.

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Read more about: income tax, tax filing, tax returns
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