E-Filling Mandatory For Income Above 10 Lakhs
The Government had made it mandatory for individuals with income of over Rs. 10lakh to file their tax returns for 2011-12. Electronically E-filling 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.
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