02 December 2013
Dear reverred experts, One of our clients had filed his return of income for the a.y 2011-12 during the month of March 13. Though his total income exceeded Rs.5 lakhs he did not e-file his return since there was no exact limit for applicability of mandatory e-filing for the a.y 11-12. However, his return was cancelled by the department during processing and he has been instructed to e-file his return. What I want to know is will this mandatory applicability be relevant for the a.y 2011-12? --Arpan De.
02 December 2013
The following clause have been inserted within the proviso to sub rule 3 of Rule 12 w.e.f. 1-4-2012.
a) 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, shall furnish the return for the assessment year 2012-13 and subsequent assessment years in the manner specified in clause (ii) or clause (iii); . Limit of 10lac has been brought down to 5.00 lac for AY 2012-13. . In my view there was not such compulsion in respect to AY 2011-12. . As the relevant AY for which e-filing is required has clearly been mentioned in the rules, you may also check the rules and must submit your objections. .
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