E-FILING I-T RETURNS FETCHES GOOD RESPONSE

Electronic filing of Income Tax returns by Corporates has evoked a good response. The Income Tax department has received 2,88,471 electronic returns up to the due date of November 30. The returns
were filed through Form-01, which is a combined Income Tax and Fringe Benefit Tax (FBT) return. The Government had last year received 3,27,000 returns from Corporates. Some other categories of
taxpayers, i.e. individuals, firms, Hindu Undivided family (HUF) and trusts, for whom e-filing was optional, also filed their returns electronically. The total number of electronic returns filed has been 2,90,656.