Saturday, June 14, 2014

Is electronic Filing of Income Tax Return Mandatory for AY 2014-15? (QandA : 002)

Question 002
Is it mandatory to do electronic filing of Income Tax Returns? Or, can i continue to file returns in the manual format?


Answer 002
The process of electronically filing Income tax returns through the internet is known as e-Filing.
Any assessee having total income of Rs.  5 Lakhs and above from AY 2013-14 and subsequent Assessment Years, has to mandatorily use e-filing as an option to file IT Returns.

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