Fintotal News Analysis | E-filing of returns mandatory for income over Rs 10 lakhs
E-filing of returns mandatory for income over Rs 10 lakhs
Ruby Jacob, 03 Jul 2012

The Central Board of Direct Taxes (CBDT) has made it compulsory for individuals and HUFs earning over Rs 10 lakhs in a year to file income tax returns electronically from assessment year 2012-13.

After filing and submitting relevant forms electronically it can be either signed electronically with a digital signature or ITR-V can be generated and sent to the centralized processing centre in Bengaluru. CBDT has not made it mandatory for individuals and HUFs to use digital signature.

Filing of returns electronically under digital signatures is already mandatory for any company required to furnish the return in Form ITR-6 or a firm required to furnish the return in Form ITR-5 or an individual or HUF required to furnish the return in Form ITR-4 and to whom provisions of section 44AB are applicable.

Get the all financial products under one roof only at

you will NEVER GO WRONG with us!

Unbiased . Best Deals . Appropriate Products . No Mis-selling