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Amendment in the provisions for filing of return of income.

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..... Amendment in the provisions for filing of return of income.
News and Press Release
Dated:- 3-4-2012

Amendment in the provisions for filing of return of income (1) An individual or HUF m .....

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..... 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 .....

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..... 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 ( .....

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..... 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 .....

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..... 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 .....

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..... 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 .....

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..... 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.< .....

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..... BR> News - Press release - PIB .....

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