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of <h1>New Scheme Allows Electronic Filing of Income Tax Returns with Digital Signatures; Prioritizes Secure Data and Fast Refunds.</h1> The Electronic Furnishing of Return of Income Scheme, 2007, supersedes the 2004 scheme, allowing eligible individuals and entities to file income tax returns electronically. This scheme applies to those with a permanent account number and requires returns to be filed using digital signatures or through an e-Return Intermediary. The scheme outlines the qualifications and responsibilities of e-Return Intermediaries, including maintaining confidentiality and ensuring accurate data transmission. The e-Return Administrator oversees the scheme's implementation, ensuring secure data handling and compliance. Returns filed electronically are processed on a priority basis, with refunds credited directly to the taxpayer's bank account.
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