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eFiling of Income Tax returns ITR is must – For Whom ?



e-Filing of Income Tax Returns/Forms is mandatory for :

  • If Total income is Rs 5 Lakhs and above (from AY 2013-14 and subsequent Assessment Years.)
  • A resident who has signing authority in any account located outside India.
  • A person who claims relief under sections 90 or 90A or deduction under section 91.
  • Individual/ HUF, being resident, having assets located outside India from AY 2012-13 and subsequent Assessment Years.


READ – 13 things to know before filing Income Tax Returns this July


  • All companies.
  • Firm (to whom provisions of section 44AB is not applicable), AOP, BOI, Artificial Juridical Person , Co-operative Society and Local Authority required to file ITR 5 from AY 2014-15 and subsequent Assessment Years.
  • An assessee required to funish return u/s 139 (4B) in ITR 7.
  • An assessee required to furnish a report of audit specified under sections 10(23C)(iv), 10(23C)(v),10(23C)(vi) ,10(23C)(via) , 10A, 12A(1)(b), 44AB, 80-IA, 80-IB, 80-IC, 80-ID, 80JJAA, 80LA, 92E or 115JB of the Act, shall furnish the said report of audit and the return of Income electronically from AY 2013-14 and subsequent Assessment Years.
  • An assessee required to give a notice under Section 11(2)(a) to the Assessing Officer from AY 2014-15 and subsequent Assessment Years.


READ – 13 things to know before filing Income Tax Returns this July

If you have any queries related to this article or any other personal finance query ( Investment, Taxation etc), please comment below

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The author is a Chartered Accountant and loves to write about Personal Finance, Wealth Management, Taxation etc. Disclaimer - The articles on this website is for informational and knowledge purposes and should not be treated as financial advice, Please consult your financial advisor before taking any investment decision.


  1. Hello Sir,
    I Do not have any fixed income, I work Online on freelancing websites.
    If My Annual Income goes above 6 lakhs, then will I be taxed at 20%?
    If Yes, Will make a difference if can show savings upto 1.5 lakhs.
    Please reply.
    Thank You


  2. hi Vivek,

    can u pls tell me what is the interest rate to be charged on loan to employees which is mandatory to be charged as per new rule? Is it 9% to be charged on reducing balance method monthly? pls advise as there is no clarity on how much interest on loan to be charged to employees.

    • As per Income tax rule 3(7)(i), any loan given free of interest or concessional interest shall be a taxable perquisite and calculated based on the Interest rate charged by SBI as on 1st day of previous year on loan for the same purpose. This is to be calculated on maximum outstanding monthly balance.

  3. Hello Sir,
    TDS of Rs. 10000/- has been deducted from my salary for the A.Y.2014-15. i didn’t file return till date. Now I notice that further Rs. 2500/- was to be deducted from my salary as TDS. What challan form should I use to deposit Rs. 2500/-, and with in what date should I submit return And what is the amount of Interest should I pay ? Please advice

  4. Error while filing online return in claiming exemptions. Instead of typing 80c entered as 80p and AO disallowed the claim and taxed the same. I could collect the evidence and reply only after 10 days and before giving it to AO, he passed order stating that i i didnot respond on the day of showcause notice . He has not given me any final oppurtunity. It is scrutiny assessment. How to claim releif now. Pl advice

    • You can write to him giving the proper evidence and explain that wrong tax deduction was entered by mistake. He will have to take your reply into account.

  5. Hi tax Gurus

    My work is of Educational Learning Provider ( Teachers , tutors ) oursourcing to different metropolitan cities of India. and some of the employees are working in my company. none of them fall in TAx slab in which they need to pay taxes. business in not listed in sole proprietership . It is listed under individual category. salary paid are into cash.

    Its online driven business along with online payments.

    which ITR i need to fill out ?
    will it be listed under consultancy services ?
    how much tax i need to pay for 400000 annual income ( my age 26 , Indian resident , Unmarried ) ?
    what benifit i can avail into it , any deduction by any act or special provision ?

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