e-Filing – Objective
“To make it possible for the tax payers, tax deductors, tax professionals, other agencies directly or through authorized intermediaries, to submit their Returns and other forms, and / or avail other services electronically in an accurate, comprehensive, and expeditious manner from anywhere at any time in a simple and easy to use manner.”
What is e-Filing?
The process of electronically filing Income tax returns through the internet is known as e-Filing.
e-Filing of Returns/Forms is mandatory:
A. In the case of an Individual/HUF
a. Where accounts are required to be audited under section 44AB ;
b. Where (a) is not applicable and
(i) The return is furnished in ITR-3 or in ITR-4; or
(ii) The individual/HUF being a resident (other than not ordinarily resident) has Assets, including financial interest in any entity, located outside India, or signing authority in any account located outside India, or income from any source outside India;
(iii) Any relief in respect of tax paid outside India under section 90 or 90A or deduction under section 91 is claimed.
(iv) Where an assessee is required to furnish an Audit Report specified under sections 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, 115VVV or give a notice under section 11(2)(a) shall e-File the same. These Audit Reports are to be e-Filed and any person required to obtain these Audit Reports are required to e-File the return.
(v) Total income exceeds five lakh rupees or any refund is claimed (other than Super Senior Citizen furnishing ITR1 or ITR2)
B. In all cases of company the return is required to be e-Filed under digital signature (DSC)
C. In the case of a person required to file ITR-7:
a. For a political party the return is required to be e-Filed under digital signature (DSC)
b. In any other case of ITR 7, the return is required to be e-Filed using any one of the three manners namely i) DSC or ii) EVC or iii) ITRV
D. In case of Firm or Limited Liability Partnership or any person (other than a person mentioned inA, B & C above) who are required to file return in Form ITR-5
a. Where accounts are required to be audited under section 44AB, the return is required to be e-Filed under digital signature (DSC)
b. In any other case the return is required to be e-Filed using any one of the three manners namely i) DSC or ii) EVC or iii) ITRV.
E. A company and an assessee being individual or HUF who is liable to audit u/s 44AB are required to furnish Form BB (Return of Net Wealth) electronically under digital signature.
F. Information to be furnished for payments, chargeable to tax, to a non-resident not being a company, orto a foreign company in Form 15CA.
Why e-File ?
Types of E-Filing
Note: DSC is mandatory for:
The Digital Signature Certificate (DSC) used for e-Filing the Income Tax Return/Forms should be registered on e-Filing portal.
Modes of e-Verification
e-Filing — User Types