Notification No. 14/2012 [F.No. 142/31/2011-TPL]/S.O. 626(E) dated 28/03/2012
(i) An individual or HUF must file the return of income electronically under his digital signature for AY 2012-13 and subsequent years if his total income exceeds ` 10 Lakhs.
(ii) A resident individual or HUF must file return of income electronically under digital signature for AY 2012-13 and subsequent years if –
(a) he has assets (including financial interest in any entity) located outside India;
(b) signing authority in any account located outside India.
(iii) The prescribed ITR Form Sahaj – ITR-1 and Sugam – ITR-4S cannot be used by a resident individual or resident HUF to file return of income if –
(a) he has assets (including financial interest in any entity) located outside India;
(b) signing authority in any account located outside India.
(iv) New Return Forms : Sahaj – ITR-1, ITR-2, ITR-3, Sugam – ITR-4S, ITR-4 and ITR-V are prescribed.
Thanks & Regards,
Deepak Tanwar |