CBDT has issued a notification 32/2014 dated
23-06-2014 regarding wealth tax return for assessment
year 2014-15 . Under which e filing of wealth tax return made
mandatory for all person except Individual and HUF not covered under provision of
Section 44AB (tax audit) of Income Tax Act.
Wealth Tax return now
can be filed online at Incometaxindiaefiling.gov.in portal through newly
released utility in Java for Form BB.
Major changes have been
made regarding filing of wealth tax return.
1. New wealth tax return form BB shall
be applicable from assessment year 2014-15.
2.
E filing of wealth tax return is mandatory for all type of
persons for assessment year 2014-15 onwards except as per sr no 3 below.
3.
Individual / HUF to whom provision of section 44AB (tax audit) is
not applicable in assessment year 2014-15 may file wealth tax return on paper
form.
4.
Exemption to Individual / HUF is granted (as per sr no -3 above)
only for AY 2014-15.so from next year (AY 2015-16) all person are required to e
file wealth tax return with digital signature.
5.
E filing is to be done with digital signature.
6.
Nothing is to be attached with wealth tax return like statement
of computation of tax payable, valuation report of registered valuer, and proof
of tax or interest deposit.
7.
E filing process will be notified in due course.
Source:
http://www.simpletaxindia.net/2014/07/wealth-tax-return-form-bb-e-filing.html