Filing of tax return mandatory for individuals with income over Rs 10 lakh |
The government has made it mandatory for individuals with income of over 10 lakh rupees to file their tax returns for 2011-12 electronically. The Income Tax Department said that e-filing has been made compulsory for the person who is an individual or a Hindu Undivided Family, if his or its total income, or the total income in respect of which he is or it is assessable under the Act during the previous year, exceeds ten lakh rupees for assessment year 2012-13 onwards. |
.... (This e newsletter since 2007 chiefly records events in Sikkim, Indo-China Relations,Situation in Tibet, Indo-Bangladesh Relations, Bhutan,Investment Issues and Chinmaya Mission & Spritual Notes-(Contents Not to be used for commercial purposes. Solely and fairly to be used for the educational purposes of research and discussions only).................................................................................................... Editor: S K Sarda
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Wednesday, April 11, 2012
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