CBDT Eases Income Tax Rules for authentication of e-records
On September 6, 2021, the Central Board of Direct Taxes (CBDT) amended the Income-tax Rules, 1962 to make electronic data easier to authenticate in faceless assessment processes. “According to the amended Rules, electronic records submitted through a taxpayer’s registered account on the Income-tax Department’s portal are presumed to have been authenticated by the taxpayer using an electronic verification code” (EVC).
As a result, when a person submits an electronic record by logging into his registered account on the Income tax portal, the electronic record is presumed to have been authenticated by EVC for the purposes of section 144B(7)(i) (b) of the Income-tax Act, 1961
“However, under the existing provisions of section 144B(7)(i)(b) of the Act, this simplified process of authentication by EVC is not available to certain persons (such as companies, tax audit cases, and so on), who are required to authenticate electronic records by digital signature,” according to the CBDT.
“In order to offer these persons with the benefit of the simplified process of authentication by EVC, it has been decided to extend the simplified process of authentication by EVC to these persons as well,” the CBDT said.
As a result, those who are required to authenticate electronic records using a digital signature are assumed to have done, when they submit the record using their registered account on the Income-tax Department’s portal. In due course, legislative amendments will be proposed in this regard.
Due to difficulties observed by taxpayers and other stakeholders in completing certain Forms electronically under the provisions of the Income-tax Act of 1961, the Central Board of Direct Taxes (CBDT) has recently decided to extend the due dates for electronic filing of such Forms.
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