Mandatory filing of income-tax returns electronically in Form No. ITR-6 with or without digital signature by all companies

 

 The Central Board of Direct Taxes (CBDT) has amended the Rules relating to electronic filing of income tax returns vide Notification No. 49/2010 dated 9th July, 2010. The amended Rules will apply with effect from the date of notification in the official gazette.

As per the amended Rules, it is now mandatory for all companies to file income tax return electronically in Form No. ITR-6 with digital signature, Earlier, companies could file their electronic returns with or without digital signature.

Further, now all individual and Hindu Undivided Families (HUPs), who are required to get their accounts audited under section 44AB of the Income tax Act 1961, are also required to file their income tax return in Form No. ITR-4 electronically with or without digital signature. Earlier, this condition was applicable only to companies and partnership firms.

Accounts are required to be audited under the income tax law, if turnover or gross receipts from business exceeds Rs. 40 lakh (Rs. 60 lakh from assessment year 2011-12 onwards), or if turnover or gross receipts from profession exceeds Rs. 10 lakh (Rs. 15 lakh from assessment year 2011-12 onwards).

Press Release No. 402/92/2006-MC (35 of 2010)

Dated 12-7-2010

Mandatory electronic filing requires companies to submit ITR-6 with digital signature; audited individuals and HUFs to file ITR-4 electronically. All companies are required to file income tax returns electronically in Form ITR-6 with a digital signature, replacing the prior option to file without digital authentication. Additionally, individuals and Hindu Undivided Families subject to statutory audit must file electronically in Form ITR-4, with or without a digital signature, tying audit thresholds to electronic filing and specified form use.