Earning More than 
10 Lakh? Filing E-return is Must
This newly introduced tax returns norm has also asked individuals to furnish details of donations made for claiming tax deductions.
In the financial year, 2011-12, Income Tax Department had received a record number of 
1.64 crore (16.4 million) e-returns. At present, business houses with receipts of 60 lakh and professionals with an income of 15 lakh will have to mandatorily file an e-return with their digital signatures.
“E-filing has been made compulsory for the person who is 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 10 lakh (Rs 1 million) for assessment year 2012-13 onwards”, said the Income Tax Department, as quoted by Rediff.
