a)E-filing of wealth tax returns: Taxpayers shall file return of wealth-tax electronically in new Form BB from Assessment Year 2014-15. However, individuals or HUFs can still file return in paper format if they are not liable for tax audit under Section 44AB of Income-tax Act, 1961.
b)Paperless return – Requirement as to furnishing of following documents alongwith return of wealth-tax has been dispensed with:
• Statement showing computation of tax payable;
• Proof of tax and interest paid;
• Any document or copy of any account, and
• Form of report of valuation by Registered Valuer.