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

e-filing-itr

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

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  • 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

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