e-Filing of Returns

An Overview of the Process

of e-Filing of Returns
What is e-Filing
The process of electronically filing Income tax returns through the
internet is known as e-Filing.
It is mandatory for Companies and Firms requiring statutory audit
u/s 44AB to submit the Income tax returns electronically for AY
2007-08.
Any Company/Firm requiring statutory audit u/s 44AB return submitted
without a e-Filing receipt will not be accepted.
e-filing is possible with or without digital signature.
Relevant Notifications, Circulars & Instructions 2006-07
& 2007-08
New forms ITR1 to ITR 8 for AY 2007-2008 notified on 14th May07.
Circular no. 3/2007 issued on 25th May07 regarding acceptance of
paper returns for companies and firms covered by 44AB under
certain circumstances.
Circular no 9/2006 - Exhaustive explanation of the entire scheme of
e-Filing for Public.
Circular No 12/ 2006 E-filing not mandatory for Representative
Assessee.
Instruction no. 7 dt 10/10/2006 - Exhaustive explanation & other
guidelines for department of the entire scheme of e-Filing for Public.
Vide Notification No. 128/2006, dated 1-6-2006 S.O. 848 (E), Form
2F was notified &Vide NOTIFICATION NO. 189/2006, dated 24-7-
2006 Forms 1, 2, 3, 3B were notified.

Relevant Notifications, Circulars & Instructions
Historical Perspective
Vide Notification No. 253 of 2004, dated 30th Sep., 2004
S.O.1073(E), Electronic Furnishing of Return of Income Scheme,
2004 was notified for e-Filing of returns:
An eligible person may, at his option, furnish his return of income
which he is required to furnish under sub-section (1) of section 139
of the Act for the assessment year 2004-05 and any subsequent
assessment year, to an e-Return intermediary.
Digital signature, e-return, e-return intermediary were defined in this
scheme

Types of e-Filing AY 2007-08
There are three ways to file returns electronically
Option 1: Use digital signature in which case no paper return is
required to be submitted
Option 2: File without digital signature in which case ITR-V form is to
filed with the department. This is a single page receipt cum
verification form.
Option 3: File through an e-return intermediary who would do e-
Filing and also assist the Assessee file the ITR V Form .

New IT Returns Annexure-less Forms
For Individuals, HUF
Select appropriate Income Tax Return
(ITR) Preparation Software
ITR-1 ITR-2 ITR-3 ITR-4
Individual Individual Individual Individual
& HUF & HUF & HUF
1 Income from Salary/Pension
2 Income from Other Sources (only
Interest income or Family
Pension)

3 Income/Loss from Other Sources

4 Income/Loss from House
Property

5 Capital Gains/Loss on sale of
investments/property

6 Partner in a partnership Firm

7 Income from Proprietary
Business/Profession

New IT Returns Annexure-less Forms
For Association of Persons (AoP), Body of Individuals (BoI), Local Authority, Companies,
Trusts, Fringe Benefit Tax (FBT) Return
Select appropriate Income Tax Return
(ITR) Preparation Software
ITR-5 ITR-6 ITR-7 ITR-8
Firms, AoP,
BoI, LA
Companies Trusts Only FBT
1 Income/Loss from Other Sources
2 Income/Loss from House
Property

3 Capital Gains/Loss on sale of
investments/property

4 Income/Loss from Business

5 Fringe Benefit Tax

ITR-7 will not be available for e-Filing
Change in Procedure of e-Filing
Type Change
For Digitally signed
Returns
No change
Paper Returns Two
step Procedure
After uploading data Instead of filing paper
return Assessee to file verification Form
Called ITR-V (Combination of
Acknowledgement of e-return & Verification)
Paper Returns through
e -intermediaries
e-Filing Process At a glance
Select appropriate type of Return Form
Download Return Preparation Software for selected Return Form.
Fill your return offline and generate a XML file.
Register and create a user id/password
Login and click on relevant form on left panel and select "Submit
Return"
Browse to select XML file and click on "Upload" button
On successful upload acknowledgement details would be displayed.
Click on "Print" to generate printout of acknowledgement/ITR-V
Form.
e-Filing Process At a glance
Incase the return is digitally signed, on generation of
"Acknowledgement" the Return Filing process gets completed. You
may take a printout of the Acknowledgement for your record.

Incase the return is not digitally signed, on successful uploading
of e-Return, the ITR-V Form would be generated which needs to be
printed by the tax payers. This is an acknowledgement cum
verification form. The tax payer has to fill-up the verification part and
verify the same. A duly verified ITR-V form should be submitted with
the local Income Tax Office within 15 days of filing electronically.
This completes the Return filing process for non-digitally signed
Returns.

Thank you