CBDT has issued a circular detailing the procedures to be followed for filing Income Tax Returns for AY 2009-2010. The detailed procedure is as follows:
1. It is mandatory for Firms to whom Tax Audit provisions apply, and Companies, to file Income Tax/FBT Returns electronically.
2. The electronic Return has to be signed using Digital Signature. If the return is electronically furnished under a digital signature, the tax-payer is not required to furnish the Form ITR-V with the Income-tax Department as a follow up to the electronic transmitting of data in the return.
3. However, if the assessee does not use a digital signature for electronically transmitting the data, he is required to follow-up the electronic transmission of the data by submitting the Form ITR-V with the Income-tax Department as verification of the electronic filing of the return, within 30 days of transmitting the data in electronic form. The assessee shall furnish the Form ITR-V to the Income-tax Department by mailing it to “Income Tax Department – CPC, Post Box No - 1, Electronic City Post Office, Bangalore - 560100, Karnataka”. If the Form ITR-V is not filed within 30 days, it will be deemed that the Return was not filed and the data will have to be uploaded again. No Form ITR-V shall be accepted in any other office of the Income Tax Department in the country.
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