Finance minister Mr. Chidambrem has been made an announcement in New Delhi that E-filing of Income Tax Return for the assessee have annual Income more than Rs. 5,00,000 become mandatory.Earlier E-filing is compulsory for certain class of assessee like companies, assessee under tax audit etc.
Although it has been introduced few years back for the certain type of assessee but now they are increasing the circumference of electronic filling for even small assessee by making it compulsory.
E-filing of income tax return is bit cumbersome but small tax payers and salaried assessee are filling their returns using it as they need not to rush their Local A.O to submit Income Tax Return in physical.
They just need to file it online take a print of acknowledgment generated after signing only need to send it to banglaore CPC center.
Although it has been introduced few years back for the certain type of assessee but now they are increasing the circumference of electronic filling for even small assessee by making it compulsory.
E-filing of income tax return is bit cumbersome but small tax payers and salaried assessee are filling their returns using it as they need not to rush their Local A.O to submit Income Tax Return in physical.
They just need to file it online take a print of acknowledgment generated after signing only need to send it to banglaore CPC center.
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