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<h1>New Circular: Non-Resident Agents Exempt from E-Filing Corporate Tax Returns u/s 160(1)(a) for 2006-07.</h1> The Central Board of Direct Taxes issued a circular regarding the new Form No. 1 for corporate tax returns for the assessment year 2006-07, mandating electronic submission for all corporate taxpayers. However, agents of non-residents, as defined under section 160(1)(a) of the Income-tax Act, encountered difficulties due to multiple agents or multiple non-residents associated with a single agent. Consequently, the Board decided that these agents are not required to electronically file returns for non-residents using Form No. 1 for the assessment year 2006-07.