I-T E-filings : May Cut Paperwork..!

Millions of taxpayers filing electronic Income Tax (I-T )returns will soon get relief from sending by post the mandatory paper verification form as the Central Board of Direct Taxes (CBDT) has decided to soon stop this practice.

The CBDT, administrative authority of the Income Tax department, will now instead introduce electronic verification of these online returns.

The new measure, expected to be operational within this financial year (2013-14) ,will save the taxpayer from the hassle of sending the paper document (called ITR V) by post &  tracking its acknowledgement to help the taxpayer.

But, compulsory dispatch of paper documents by post to the Bangalore based central processing centre of the department or / procuring a digital signature was undoing this. Hence, the department has decided to end this soon, a senior official said.

The department has been receiving a number of complaints from taxpayers with regard to following these rules & also was getting suggestions to do away with paper documents and make e-filing more user friendly, he said.

PTI

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