You’ve to e-file returns if earning over Rs 10 lakh ::Business Line

The Central Board of Direct Taxes has widened the scope of mandatory e-filing of income-tax returns.

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, the CBDT has said.

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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.

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.