The Central Board of Direct Taxes on 6th September 2021 has published the Income-tax (26th Amendment) Rules, 2021 to further amend the Income-tax Rules, 1962.
As per section 144B(7)(i)(b) the electronic record shall be authenticated by an assessee or any other person by affixing his digital signature if he is required to furnish his return of income under digital signature and in any other case, by affixing his digital signature or under electronic verification code in the prescribed manner.
However, through this amendment, a new rule 14C has been notified which prescribes the manner of authentication of electronic records under electronic verification code.
As per the new rule 14C, an assessee or any other person submits an electronic record by logging into his registered account in the designated portal of the Income-tax Department, it shall be deemed that the electronic record has been authenticated under electronic verification code.
