Signing and verification of return of income

     The existing provisions under section 140 of the Act provide that the return under section 139 shall be signed and verified in the manner specified therein.

     With a view to enable the verification of returns either by a sign in manuscript or by any electronic mode, it is proposed to amend section 140 of the Act so as to provide that the return shall be verified by the persons specified therein. The manner of verification of return is prescribed under section 139 of the Act.

     The amendment will take effect from 1st October, 2014.

[Clause 48]

Verification of returns: amendment permits manuscript or electronic verification by specified persons under the return provisions. Amendment permits verification of income-tax returns either by handwritten signature or by electronic means, while retaining verification by the persons specified in the Act and aligning the verification requirement with the manner prescribed in the return provisions; the amendment has a specified commencement.