Mandatory electronic filing for specified firms and companies; e-returns allowed with digital signature or ITR V verification. Notification establishes new ITR-1 through ITR-8 forms for assessment year 2007-08 and substitutes Rule 12 to specify filing modes: paper, electronic with digital signature, electronic transmission followed by Form ITR-V verification, or bar-coded paper. Firms subject to audit and companies (except specified exempt entities) must file electronically; ITR-7 filers must use paper. Returns in these forms (except ITR-7) must not be accompanied by attachments; supporting documents are to be retained and produced on demand. Electronic submission dates and ITR-V timelines determine the date of furnishing; e-returns will be processed as priority.
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Provisions expressly mentioned in the judgment/order text.
Mandatory electronic filing for specified firms and companies; e-returns allowed with digital signature or ITR V verification.
Notification establishes new ITR-1 through ITR-8 forms for assessment year 2007-08 and substitutes Rule 12 to specify filing modes: paper, electronic with digital signature, electronic transmission followed by Form ITR-V verification, or bar-coded paper. Firms subject to audit and companies (except specified exempt entities) must file electronically; ITR-7 filers must use paper. Returns in these forms (except ITR-7) must not be accompanied by attachments; supporting documents are to be retained and produced on demand. Electronic submission dates and ITR-V timelines determine the date of furnishing; e-returns will be processed as priority.
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