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e-filing must for those earnings above Rs 10 lakh

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The Central Board of Direct Taxes has widened the scope of mandatory e-filing of income-tax returns according to which any individual or a Hindu Undivided Family (HUF) with total income exceeding Rs 10 lakh in a financial year will have to e-file tax returns.

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The norm will also apply to an individual or a HUF, being a resident, having assets (including financial interest in any entity) located outside India or signing authority in any account located outside India.

 The mandatory e-filing norm will apply for assessment year 2012-13 and subsequent years.

However, digital signature will not be mandatory for these taxpayers.

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 They can also transmit the data in the return electronically and thereafter submit the verification of the return in Form ITR-V, according to CBDT.

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