« Top Headlines » Open DEMAT Account in 24 hrs  Why we need a new Income-Tax Act  ITR 2024: No tax refund yet? Here's why it's delayed and how to check  ITR Filing: Income Tax Refund Not Received Yet? Here's What to Do Now  ITR Refunds for FY2023-24 (AY2024-25): Who will receive tax refunds quicker, filers of ITR-1, ITR-2 or ITR-3?  Penalties for Non-Adherence of MCA Notification on Audit Trail (Edit Log) w.e.f 1st April 2023  Income Tax: What is Section 148A notice and what are the new changes brought under Budget 2024?  GST on health and life insurance: How much do tax rates impact your premiums? check here  Income Tax Refund Delays Here s why your refunds are stuck and how long Income Tax Dept can legally take  ITR filing: How can taxpayers check their income tax refund status online? A step-by-step guide  ITR filing 2024: Waiting for your income tax refund? Here are 3 tax refund rules you should know  How to check income tax refund status online using PAN card? «  Mauritius plugs gaps in tax treaty... VAT forces Gujarat wet date traders to look at new turfs... » I-T dept to accept e-filings of returns October, 12th 2006 The Income Tax Department is ready for accepting e-filing of returns for income tax and fringe benefit tax by corporates and non-corporates. According to a recent notification by the Central Board of Direct Taxes, form number one--meant for filing of IT and FBT returns by corporates and form number two-- for filing of these returns by non-corporates -- have been designed as amenable to electronic filing. In case where the taxpayer does not use a digital signature, a two-step procedure has been prescribed for furnishing these forms electronically without digital signature. The first step is to transmit the details of the returns and schedules electronically without digital signature to the designated website and thereafter to file a paper return, the notification said. However, if the return is furnished electronically under the digital signature, it will not be necessary to furnish the paper returns. All corporate taxpayers are necessarily required to furnish the return for assessment year 2006-07 electronically after July 24.