TaxTMI 
TaxTMI 
Electronic Furnishing of Return of Income Scheme, 2004
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....plies to any person who is assessed or assessable to tax at any of the cities specified in Schedule 'A' of this scheme. 2. Definitions.- In this scheme, unless the context otherwise requires - (a) "Act" means the Income Tax Act, 1961 (43 of 1961); (b) "Board" means Central Board of Direct Taxes constituted under the Central Board of Revenues Act, 1963 (54 of 1963); (c) "digital signature" means a digital signature issued by any Certifying Authority authorised to issue such certificates by the Controller of Certifying Authorities. (d) "eligible person" means a person who has been allotted a permanent account number and who is assessed or assessable to tax at any of the cities specified in Schedule 'A' of this scheme; (e) "e-Return" means electronically transmitted data of return furnished under this scheme, supported by a duly verified paper return of income; (f) "e-Return Administrato....
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....bsp; (iii) has furnished the return of tax deducted at source within the time prescribed under the Act for the last three years; or (b) (i) it must be a firm of Chartered Accountants or Advocates which has, for at least last three years, been in practice in the matters relating to direct taxes and has returned total income of two lakh rupees or more in each of the last two years; (ii) he must be a Chartered Accountant or Advocate who has, for at least ten years, been in practice in the matters relating to direct taxes and has returned total income of two lakh rupees or more in each of the last two years; or (c) A registered company, including a bank, having a networth of five crore rupees or more and engaged in the business of providing financial services during the last five years;. F.No. 142/23/2004-TPL (2) He must have set up and commissioned hardware and software resources prescribed in Schedule 'B' of this scheme. (3) He must have at least class II digital signature certificate from any of the Certifying Authorities authorised to issue such certificates by th....
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....and shall not part with any such information except with the prior permission of the e-Return Administrator. 7. Procedure to be followed by eligible person An eligible person opting to furnish his return of income under this scheme shall - (1) ensure that his return of income falls under this scheme; (2) approach and give his consent to any one of the e-Return intermediaries to act as his agent for the purpose of furnishing his e-Return for the relevant assessment year. 8. Procedure to be followed by e-Return intermediary (1) An e-Return intermediary shall receive the paper return of income, along with all its enclosures, duly verified by the eligible person or shall prepare the return of income on the basis of the documents furnished by the eligible person, as the case may be. (2) The intermediary shall upload the completed return of income, after validation of permanent account number, in the format specified by the e-Return Administrator, using his e-Return Intermediary Identificat....
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....n (1) The e-Return shall be processed on priority basis. (2) The refund, if any, due to the assessee shall be either credited by the assessing officer directly to his bank account, using the Electronic Clearing Services of the Reserve Bank of India or be directly sent to the assessee. 10. Functions and responsibilities of e-intermediary The e-return intermediary shall - (a) ensure that the assessee is an eligible person under this scheme; (b) ensure that the assessee has quoted a correct and valid permanent account number; (c) ensure that the particulars of advance tax, self assessment tax and tax deducted at source are in accordance with the documents enclosed; (d) ensure that the paper return of income has been properly filled in and duly verified by the assessee, and the enclosures required to be filed with the return of income are enclosed; (e) ensure accuracy of the data entry while transcribing the return of income and during its transmission; (f) ensure that the electronic portion of the return of income is transmitted on or before the due date for filing the return of income; (g) ensure that the paper return is filed with the assessing offic....
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....tion of the scheme. (2) The e-Return Administrator shall ensure compliance by the e-Return intermediaries with the technical requirements of the scheme. (3) The e-Return Administrator shall be responsible for evolving and implementing appropriate security, archival and retrieval policies for proper and secure implementation of this scheme. Schedule 'A' (See Sub-Paragraph (3) of Paragraph 1) Serial Number City Serial Number City 1. Agra 35. Madurai 2. Ahmedabad 36. Meerut 3. Allahabad 37. Mumbai 4. &nbs....
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.... Rohtak 17. Dhanbad 51. Sambalpur 18. Gandhinagar 52. Shillong 19. Thane 53. Shimla 20. Guwahati 54. Surat 21. Gwalior 55. Trichy 22. Hubli 56. Trivandrum 23. &nbs....