TMI BlogAmendment in the provisions for filing of return of income.X X X X Extracts X X X X X X X X Extracts X X X X ..... Amendment in the provisions for filing of return of income. X X X X Extracts X X X X X X X X Extracts X X X X ..... ust file the return of income electronically for the previous year 2011-12 and subsequent previous year if his/its total income exceeds Rs. 10 lakhs. (2) A resident Individual or a resident HUF must ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... file the return of income electronically for the previous year 2011-12 and subsequent previous year, if he/it has: (a) assets (including financial interest in any entity) located outside India; or ( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... b) signing authority in any account located outside India. (3) The prescribed ITR Form SAHAJ - ITR 1 cannot be used by a resident Individual to file his return of income, if he has: (a) assets (incl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uding financial interest in any entity) located outside India; or (b) signing authority in any account located outside India. (4) The Form SUGAM - ITR 4S, prescribed in the case of an individual or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a HUF deriving business income and such income is computed in accordance with special provisions referred to in section 44AD and section 44AE of the Act, cannot be used by a resident Individual or a r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... esident HUF to file the return of income, if he/it has: (a) assets (including financial interest in any entity) located outside India; or (b) signing authority in any account located outside India.< ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... BR> News - Press release - PIB ..... X X X X Extracts X X X X X X X X Extracts X X X X
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