For whom is an e-filing income tax return mandatory?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 pranesh asked over 3 years ago

For whom is an e-filing income tax return mandatory?

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3 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered about 3 years ago

Your gross total income (before allowing any deductions under section 80C to 80U) exceeds Rs.2,50,000 in the financial year that begins on 1st April 2014 and ends on 31st March 2015. This limit is Rs 3,00,000 for senior citizens ( who are more than 60 years old but less than 80 years old) or Rs 5,00,000 for super senior citizens (who are more than 80 years old)

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered over 3 years ago

The following taxpayers have to mandatorily file return online: Digital signature is mandatoryfor such assessee : Every company A firmor an individual or a Hindu Undivided Family (HUF) whose books of account are required to be audited under section 44AB A politicalparty Digital signature is not mandatorily for such assessee: A resident and ordinarily resident individual/HUF having any assets (including financial interest in any entity) located outside India or signing authority in any account located outside India Taxpayers having total income of more than Rs. 5,00,000 Taxpayers claiming relief under section 90, 90A or 91 A person who is required to file ITR-5 except firm A taxpayer who is required to furnish a report of audit under section 10(23C)(iv)​, 10(23C)(v), 10(23C)(vi), 10(23C)(via), 10A, 10AA, 12A(1)(b), 44AB, 44DA, 50B, 80-IA, 80-IB, 80-IC , 80-ID, 80JJAA , 80LA, 92E, 115JB or 115VW

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Picsjoin 2017224123730582 Archana answered over 3 years ago

Hie Pranesh, **E-filing is mandatory for the following :-** 1. Your gross total income (before allowing any deductions under section 80C to 80U) exceeds Rs.2,50,000 in the financial year that begins on 1st April 2014 and ends on 31st March 2015. 2. This limit is Rs 3,00,000 for senior citizens ( who are more than 60 years old but less than 80 years old) or Rs 5,00,000 for super senior citizens (who are more than 80 years old) 3. You are a company or a firm irrespective of whether you have income or loss during the financial year 4. You want to claim an income tax refund. 5. You want to carry forward a loss under a head of income. 6. Return filing is mandatory if you are a Resident individual and have an asset or financial interest in an entity located outside of India. (Not applicable to NRIs or RNORs). Or if you are a Resident and a signing authority in a foreign account. (Not applicable to NRIs or RNORs). 7. You are required to file an income tax return when you are in receipt of income derived from property held under a trust for charitable or religious purposes or a political party or a research association, news agency, educational or medical institution, trade union, a not for profit university or educational institution, a hospital, infrastructure debt fund, any authority, body or trust. A proof of return filing may also be required at the time of applying for a loan or a visa.

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