As per rule 12 (Updated for AY 2014-15) (notification 24/2014 dated 01.04.2014) of income tax rules, income tax return can be filed using four modes.
1. Return in a paper form
2. Return electronically under digital signature;
3. Transmitting the data in the return electronically and thereafter submitting the verification of the return in Form ITR-V.
4. Furnishing a bar-coded return in a paper form.
In few case electronic filing is mandatory with/without digital signature. In other cases, it can be filed in any one mode.
In following case, e filing of return is mandatory:
Compulsory e filing of Income Tax return with or without digital signature | |||
Compulsory e filing of income tax return without digital signature AY 14-15 | |||
| Sr No | Person | ITR Form | Description |
1. | All persons (except company and where return is filed on ITR-7) | ITR-1, ITR-2 ,ITR-3, ITR-4, ITR-4S | If income exceeding 5 Lakh. |
2. | All persons (except where return is filed on ITR-7) | ITR-1, ITR-2 ,ITR-3, ITR-4, ITR-4S | If deduction under section 90, 90A,91 claimed in return. |
3. | Individual /HUF | ITR-2,ITR-3,ITR-4 | Resident and has (i) assets (including financial interest in any entity) located outside India; or (ii) signing authority in any account located outside India. |
4. | Firm | ITR-5 | A firm which is not covered under audit u/s 44AB .If it is covered under 44AB then digital signature is mandatory. |
5. | All persons | As applicable | Assessee is required to furnish Electronically a report of audit specified under sub-clause (iv), (v), (vi) or (via) of clause (23C) of section 10, section 10A, clause (b) of sub-section (1) of section 12A, section 44AB, section 80-IA, section 80-IB, section 80-IC, section 80-ID, section 80JJAA, section 80LA, section 92E or section 115JB or to give a notice under clause (a) of sub-section (2) of section 11 of the Act. |
Compulsory e filing of income tax return with digital signature AY 14-15 | |||
1. | Individual /HUF | ITR-4 | if provisions of section 44AB are applicable. |
2. | Firm | ITR-5 | if provisions of section 44AB are applicable. |
3. | Company | ITR-6 | in all cases. |
4. | Political Party | ITR-7 | In all cases. |
I am going to file ITR for our trust for the past two years. Should I submit electronically with digital signature? Or can I upload without digital signature and then take a printout of acknowledgement and send too ITR, Bangalore?
Overall should ITR of Trust require digital signature?
Whether digital signature is mandatory for TRUST For AY 2013-14