Online eFiling Software
The requirement of filing the annual VAT statements by traders in addition to monthly returns will be dispensed with. | The penalty levied on late filing of monthly returns will be reduced from 10% to 5% if the delay does not exceed 10 days. | The system of e-filing of tax returns will be introduced selectively during the current year. | CBDT has notified Industrial Park Scheme 2008 expanding the ambit of “industrial activity” to include research and experimental development on natural sciences and engineering, development of computer software, and information technology enabled services. | Net direct tax collections in the first quarter of the present fiscal stood at Rs.57,373 crore, up from Rs.41,391 crore, registering a growth of 38.61 percent. | Shri Narendra Bahadur Singh has taken over as Chairman of the Central Board of Direct Taxes with effect from the afternoon of 30 June 2008. | As a part of the modernization of computer infrastructure in the Income Tax Department, the Computer Centers at Amritsar, Baroda and Rohtak will be shutdown for a period from 27.06.2008 to 09.08.2008. During this period the work of issue of PAN card would be stopped completely in these centers.
ad
 
CBDTPressRelease_31072008

The facility for electronic filing of income tax returns is available through the website http//:incometaxindiaefiling.gov.in Filing income-tax returns electronically has several advantages – cost of filing is low, ease of filing is high, it can be filed anytime from anywhere, there is no need to visit the tax office, return filed is more accurate, there is no fear of losing tax records, returns can be processed faster and refunds issued faster and more accurately.

This year already over 10 Lakh e-returns have been filed by 29th July, and the number is expected to cross over 13 lakh by 31st July compared to 1.6 lakh ereturns received last year for the same period. Out of this over 1 lakh e-returns have been filed in Delhi. This year 94% of e-returns have been filed voluntarily by individuals.

Last year, all over India over 21.93 Lakh e-returns were received, out of which over 14.6 Lakh e-returns were filed voluntarily. Last year Delhi received over 2.85 lakh e-returns, out of which over 1.74 Lakh returns were filed voluntarily by individuals. The number of e-returns is over 10% of all returns received in Delhi Region.

E-filing of returns can be done even if taxes are paid at bank without epayment. E-returns have been received from far-off regions across the country such as Manipur, Andaman, Lakshwadeep, etc., indicating the broad and far reach of Internet and e-filing across the country.

The Income tax e-filing website is highly secured and the income-tax return details filed by the taxpayer cannot be accessed on the website.