Invest In Tax Saving Mutual Funds Online
Millions of taxpayers filing returns online may no longer have to send paper documents to the central processing unit here, with CBDT (Central Board of Direct Taxes) proposing to introduce electronic verification for such filings, a top official said.
"It (introduction of electronic verification of online income tax returns) is in a very advanced stage. Some clearances and approvals have to be taken. Amendments to the Information Technology Act will be required. Then it will go to Parliament," chief commissioner of income tax Bangalore-1 K Satyanarayana said.
The new measure, expected to be operational by September, will save taxpayers the hassle of sending paper documents by post and tracking their acknowledgement, he added.
Citing the example of how electronic verification of online I-T returns is done in USA, Satyanarayana said amendment to the Information Technology Act would be needed to introduce such a system.
At present, two options are available for taxpayers to e-file ITR — either by affixing digital signature, or without affixing digital signature. If it is the former, there is no need to send ITR-V to the I-T department's central processing centre (CPC) in Bangalore. In the other case, the tax payer is required to take a print-out of ITR-V and send it to the I-T department within 120 days of e-filing.
As per the Information Technology Act, a digital signature is equivalent of a physical signature. So, anyone filing returns electronically with digital signature need not send ITR returns form for physical verification. In 2012-13, a 31% jump was seen in e-filings with 2.14 crore assessees filing returns online as compared to 1.64 crore in 2011-12.
Happy Investing!!
We can help. Call 0 94 8300 8300 (India)
Leave your comment with mail ID and we will answer them
OR
You can write back to us at PrajnaCapital [at] Gmail [dot] Com
---------------------------------------------
Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online
Tax Saving Mutual Funds Online
These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs
Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
- ICICI Prudential Tax Plan Invest Online
- HDFC TaxSaver Invest Online
- DSP BlackRock Tax Saver Fund Invest Online
- Reliance Tax Saver (ELSS) Fund Invest Online
- Birla Sun Life Tax Relief '96 Invest Online
- IDFC Tax Advantage (ELSS) Fund Invest Online
- SBI Magnum Tax Gain Scheme 1993 Invest Online
- Sundaram Tax Saver Invest Online
- Edelweiss ELSS Invest Online
Best Performing Mutual Funds
- Largecap Funds Invest Online
- DSP BlackRock Top 100 Fund
- ICICI Prudential Focused Blue Chip Fund
- Birla Sun Life Front Line Equity Fund
- Large and Midcap Funds Invest Online
- ICICI Prudential Dynamic Plan
- HDFC Top 200 Fund
- UTI Dividend Yield Fund
- Mid and SmallCap Funds Invest Online
- Reliance Equity Opportunities Fund
- DSP BlackRock Small & Midcap Fund
- Sundaram Select Midcap
- IDFC Premier Equity Fund
- Small and MicroCap Funds Invest Online
- DSP BlackRock MicroCap Fund
- Sector Funds Invest Online
- Reliance Banking Fund
- Reliance Banking Fund
- Tax Saver MutualFunds Invest Online
- ICICI Prudential Tax Plan
- HDFC Taxsaver
- DSP BlackRock Tax Saver Fund
- Reliance Tax Saver (ELSS) Fund
- Gold Mutual Funds Invest Online
- Relaince Gold Savings Fund
- ICICI Prudential Regular Gold Savings Fund
- HDFC Gold Fund
Posts
No comments:
Post a Comment