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.
Online tax returns
I am tracking the Indian budget’s update to allow electronic tax filing. I hope the Income Tax Department launches a portal this year, finally enabling the digital submission of returns in India.