« Top Headlines » Open DEMAT Account in 24 hrs   How to check income tax return (ITR) status  Income tax rules: How much cash can you receive in one day to avoid an I-T notice?  Tax saving tips: How you can reduce tax burden under the new regime  Condonation of delay under section 119(20) of the Income-tax Act, 1961 in filing of Form No. 9A/10/108/10BB for Assessment Year 2018-19 and subsequent assessment years  Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10-IC or Form No. 10-ID for Assessment Years 2020-21, 2021-22 and 2022-23  New GST form notified to help taxpayers adjust tax demand amount: Here's how to use  ITR filing deadline extended to November 15, 2024 for these taxpayers «  Expenses on bonus shares is revenue expenditure, rules SC... RTI: Right to Invade (tax) privacy?... » Online tax filing foxes corporates October, 03rd 2006 The process of corporate return filing seems to be getting on the nerves of tax-payers. Not only industrialists but also professional chartered accountants are puzzled over the process of online filing system introduced by the income tax department. Although the last date for filing returns with the income tax department has been scheduled for October 31, 2006, tax-payers find themselves in a Catch-22 situation. Hence they are not able to spare any time for celebration of forthcoming festivals. Professional chartered accountants are of the view that the new changes made to help filing returns a hassle-free affair for tax-payers. But a thorough study of the changes and ample time are required before filling returns. The income tax department has made it compulsory for tax-payers to process the return on the internet. Companies may also file their returns through the digital signature system, but the provision is optional. A chartered accountant, Manish Dafaria, told mediapersons that although the department informed the tax-payers about the changes long ago, the information regarding the software to be used for filing returns was released as late as September 15, 2006. As a result, things have become complicated. The digital signature system and electronic format are unfamiliar for taxpayers in Indore. No doubt, the department has provided the software free of cost on its web-site.