Corporate India has adopted e-filing of income-tax returns in a big way despite the initial reluctance from certain quarters.
The number of returns filed electronically by corporates till Thursday evening stood at 2,72,949, a Central Board of Direct Taxes (CBDT) spokesperson said. The due date for filing of income-tax returns by corporates was November 30. The revenue department had, for assessment year 2006-07, made it mandatory for all corporates to undertake e-filing of their income-tax returns.
The official also pointed out that the Finance Ministry has extended the due date for filing of income-tax returns by companies in Gujarat to December 31, 2006.
Meanwhile, the Union Finance Minister, Mr P. Chidambaram, said on Thursday that the Government was slowly but surely moving to a technology-driven tax administration.
"There would be some pain in adjusting to the technology-driven tax administration. In the long run, it will benefit taxpayers and reduce the discretion of tax collectors. It will also increase tax revenues that are vital for development. E-filing has come to stay," he said.
Autor(en)/Author(s): K.R. Srivats
Quelle/Source: The Hindu Business Line, 30.11.2006