75th Founding Day Lecture Meeting on “India@2030” Know More

August 2010

Mandatory digitally signed e-return for companies — Notification No. 49/2010, dated 9-7-2010.

By Pinky Shah, Sonalee Godbole, Gaurang Gandhi, Tarun Ghia, Brijesh Cholera, Pratik Mehta | Chartered Accountants
Sejal Vasa | Company Secretary
Reading Time 1 mins
fiogf49gjkf0d

New Page 1

Part A : Direct Taxes


68 Mandatory digitally signed e-return for companies —
Notification No. 49/2010, dated 9-7-2010.

The CBDT vide Income-tax (Seventh Amendment) Rules, 2010 has
amended Rule 12 which prescribes the manner of filing the income-tax return for
A.Y. 2010-2011. It is now provided that companies need to file their income-tax
e-return digitally signed and hence the process of filing an e-return without
digital signature and sending the acknow-ledgement in Form ITR V has been done
away with. Further individuals and HUFs liable to tax audit u/s.44AB of the Act
are now mandatorily required to need to file the returns electronically with or
without digital signature. The Rule does not change for the firms subjected to
tax audit.

Download PDF

You May Also Like

Points for Company Law for the period 15th September 2010 to 15th October 2010.

S. 36(1)(vii) r/w S. 36(2) — Money-lending activity of non-banking finance business — Where assessee provided funds to sister entity, and amount became irrecoverable, allowable as bad debts — Where assessee gave certain amount to entity for allotment of