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
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 ITR-4S Individual Individual & 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 ▪ ▪ 8 Income from presumptive Business ▪
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,LLP 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 ▪ ▪ ▪ ▪ Please note ITR-7 will not be available for e-Filing. ITR-8 is discontinued for e-Filing from AY2010-11 onwards, still continued for AY2007-08,2008-09,2009-10.
Change in Procedure of e-Filing Type Change For Digitally signed Returns No change Paper Returns – Two step Procedure After uploading data – Assessee need to submit verification Form Called ITR-V to CPC Bengaluru. Paper Returns – through e -intermediaries
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 (ITR-V). A duly signed ITR-V form should be submitted to CPC using Ordinary Post or Speed Post within 120 days of transmitting the data electronically. This completes the Return filing process for non-digitally signed Returns.