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TMI BlogElectronic Furnishing of Returns of Income Scheme, 2003X X X X Extracts X X X X X X X X Extracts X X X X ..... alaries" and not having any income under the head "Profits and gains of business or profession", who is assessed or assessable to tax at Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata and Mumbai. 2. Definitions.-- In this scheme, unless the context otherwise requires; (a) "Act" means the Income-tax Act, 1961 (43 of 1961); (b) "Board" means the Central Board of Direct Taxes constituted under the Central Boards of Revenue Act, 1963 (54 of 1963); (c) "eligible person" means a person having income under the head "Salaries" and not having any income under the head "Profits and gains of business or profession", who has been allotted a permanent account number, and who is assessed or assessable to tax at any of the places sp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ved by the e-Return Administrator. 4. Revised return of income.-- An eligible person may furnish a revised return of income under sub-section (5) of section 139 of the Act if he has furnished a return of income under the scheme. 5. Authorisation of e-Return Intermediary.--( 1) The e-Return Administrator may authorise one or more companies, having adequate financial capacity, physical and Information Technology infrastructure, proven experience in the field of providing financial services, to be an e-Return Intermediary as per the guidelines issued by the Board from time to time in this behalf. Provided that no company which has defaulted in payment of income-tax or having a criminal record shall be authorised to be an e-Return In ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ible person, or shall prepare the return of income on the basis of the documents furnished by the eligible person, as the case may be. (2) An e-Return Intermediary shall then submit online the permanent account number given by the eligible person, to e-Return Administrator for verification. (3) In case the verification does not succeed, the e-Return Intermediary shall recheck and resubmit the permanent account number record for online verification. If the verification still does not succeed, he shall file the paper return before the concerned Assessing Officer on or before the due date, and hand over the acknowledgment to the eligible person. (4) If the verification succeeds, the e-Return intermediary shall digitise the data of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... such format as specified by the e-Return Administrator in token of having furnished the paper return, within seven days from the date of furnishing the return of income to the Assessing Officer. (10) The date of issue of the provisional receipt shall be deemed to be the date of filing of return of income if the paper return has been filed with the Assessing Officer within fifteen days from the date of the issue of the provisional receipt. (11) In case of an unsuccessful transmission of data for any reason, the e-Return Intermediary shall furnish the paper return of income along with its enclosures and the print out of the error report to the concerned Assessing Officer within fifteen days from the date of issue of the error report. In ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssued in respect of the returns filed through it. (5) Information to eligible persons.-- The e-Return Intermediary shall provide the eligible person paper copy of the e-Return submitted by it. (6) Confidentiality of tax information-- The e-Return Intermediary shall ensure confidentiality of information that comes to his possession during the course of implementation of this scheme, save with the permission of the eligible person, Assessing Officer or e-Return Administrator. (7) The e-Return Intermediary shall ensure that all his employees, agents, franchisees, etc., adhere to the provisions of this scheme as well as all directions issued by e-Return Administrator. (8) Prompt notification of changes in information-The e-Return ..... X X X X Extracts X X X X X X X X Extracts X X X X
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