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CBDT Notification 1/2024-25: Specified Forms for Electronic Submission under Rule 131 of I-T Rules 1962

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Mandatory Electronic Submission of Specified Forms under Rule 131 of I-T Rules 1962: CBDT Notification 1/2024-25

The Central Board of Direct Taxes (CBDT), through Notification No. 1/2024-25 dated June 24, 2024, has mandated that certain forms listed in Appendix-II of the Income Tax Rules, 1962, must be submitted electronically. This directive, effective from June 27, 2024, is issued by the Director General of Income Tax (Systems) with the Board’s approval.

Key Forms for Electronic Submission

Below is the list of forms specified for electronic submission under sub-rule (1) of Rule 131 of the Income Tax Rules, 1962:

Rule 131: Electronic Furnishing Requirements

According to Rule 131, the Principal Director General of Income-tax (Systems) or the Director General of Income-tax (Systems) can specify that forms, returns, statements, reports, or orders listed in Appendix II must be furnished electronically. The methods for electronic submission include:

The Principal Director General or the Director General will also:

This initiative by the CBDT aims to streamline the submission process, enhance data security, and ensure efficient handling of income tax-related documentation.

By adhering to these guidelines, taxpayers and businesses can ensure compliance with the latest electronic submission requirements set forth by the CBDT.

To Access the official Notification of CBDT CLICK HERE

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