Section-139(18): Filing of Income Tax Return of Income on Computer Readable Media
All assessees shall now have the option to furnish their return of income, in accordance with a specified scheme, in ways such as on a floppy, diskette, magnetic-cartridge tape, CD-ROM or any other computer readable media). The return of income furnished under such scheme shall be deemed to be a return furnished under section 139(1) and the provisions of the Act shall apply accordingly.
This an optional scheme. It offers an additional mode of filing of returns, to salaried tax payees. For details log on www.incometaxindia.qov.in.There are other schemes introduced by Central Government for an eligible employee :
(1) Scheme of filing returns by salaried employees getting Form No. 16AA through employer.
(2) Electronic Furnishing of Return of Income Scheme, 2007.
(3) Furnishing of Return of Income on Internet Scheme, 2004
Taxation in Business & Profession [Section 28 to 44]
Computation of income under the head 'Profits and Gains of Business or Professions' [Section 28 to 44]
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