Assessee with Income more than 5 Lakhs shall mandatorily e-file the IT Returns from A.Y.2013-14

The Income-tax Department has issued a new Notification No 34/2013 dtd 01/05/2013.

As per this notification,

1) Every assessee whose Total Income is exceeding Rs. 5 Lakhs shall necessary e-file his/her return of Income from the A.Y.2013-14 onwards.

2) The reports under sections 44AB (Tax Audit), 92E (Transfer Pricing) & 115JB (Minimum Alternative Tax) shall file the respective reports electronically.

The relevant notification is reproduced below :-

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