For A.Y. 2007-08 bar coded return may also be furnished at the option of the assessee. What is a bar - coded return and how to file it?
This is a new initiative of the income tax department. ITR-1 & ITR-2 forms could be submitted containing bar codes. Such returns could be read with the help of a scanner obviating the necessity of data entry work. This would expedite the processing of the return and thus better taxpayer service. One has to use the return preparation software provided on the web site to generate bar coded returns. The filing process is similar to that of a paper return.
Random FAQs
- If Transaction is cancelled due to non–payment of one challan, Can I claim refund of amount paid for corresponding 2nd challan?
- What are provisions for striking off defunct LLPs? Whether LLPs are allowed a less stringent framework for closing of business?
- In whose favour should I draw the check / DD to pay the stamp duty in case an offline challan has been generated?
- How would compliance management be ensured in the Act?
- Many schedules and notes to accounts form part of the financial statements of any entity. The return forms do not provide for this information. This deprives the assessing officer of the basic tool to understand the financial statements. Many items contained in the notes to accounts may have revenue implications. It would difficult for the department to pick up important cases for scrutiny on random basis and call for details?
- What are the steps in brief to upload the tax returns on eFiling website?









