The Hindu : Electronic filing of I-T returns from tomorrow

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Thursday, Aug 07, 2003

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Electronic filing of I-T returns from tomorrow

By Our Special Correspondent

NEW DELHI AUG. 6. Electronic filing of income tax returns will become operational from Friday, thereby offering an additional mode of filing of returns to the salaried taxpayers.

The Finance Minister, Jaswant Singh, had announced this scheme in his Budget speech this year and in the first stage, Chennai, Kolkata, Mumbai, New Delhi, Ahmedabad, Bangalore and Hyderabad would be covered.

Under this scheme, an eligible taxpayer can furnish his return to one of the intermediaries authorised for this purpose, who would transcribe and transmit the data to the Income Tax Department.

The intermediary would then submit the paper return to the Income Tax office. The intermediaries would also provide the facility of preparing the returns of income at the taxpayers' request on the basis of documents provided by them.

It would be the responsibility of the intermediary to file the e-return as also the paper return in the Income Tax office and deliver the acknowledgement to the taxpayers. Intermediaries may also provide additional value-added services such as door-step collection and delivery of documents, at their option.

The returns filed under this scheme would be processed on priority basis and refunds, if any, would be issued within one month from the date of filing of the paper return.

For the financial year 2003-04, the Bharat Overseas Bank, the ICICI Bank, the HDFC Bank, the Indian Overseas Bank, the IDBI Bank and the UTI Bank have been authorised to act as intermediaries.

Details of the scheme and addresses and contact number of the intermediaries offering e-filing services are available on the website of the department at www.incometaxindia.gov.in.

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