The most interesting part of the budget, for me, is the little line that reads “Electronic filing of returns”. What that really means is that “the Income Tax Act is being amended to enable electronic filing of returns”. Hope the IT Department puts this facility on their site by this year.
The first case of hacking under the IT Act has been registered. Had to be someone out of jurisdiction, didn’t it!
IDRBDT may be our Controller of Certifying authorities. (ET)
The IT Act will be implemented in September. We’re just done with our business proposal. If we rush in now, we may be just in time to get a first mover advantage. But we’re losing the lead each day. Read about itsvalidated.com.
Clinton signed the e-signature law. To be implemented in October, it’s an interesting contrast to our IT Bill.