Mandatory e-filing if taxable income is more than 10 lakh

For the financial year of 2011-2012, the Central Board of Direct Taxes (CBDT) in India have issued a notification that has made it compulsory for the individuals who have an annual gross total income of more than 10 lakh has to file their returns online. This applies to all even the non- resident Indians.

The NRI must file the returns electronically if his income exceeds more than 10 lakh in 2011-2012. There are many ways in which one can file their income tax returns. One can file their returns on the income tax website for free but the process might seem very clumsy. As the individual will have to download the software then fill in the details and upload an XML file. If the person is unable to attach their digital signature then they will have to take the print out and then send the copy of acknowledgement to the tax office in Bangalore within 120 days from the date of uploading the XML file.

An easier way of filing it online is through websites like hrblockindia.com, taxsmile.com or elagaan.com, as these websites provides end-to-end e-filing services and also gives and option to subscribe for digital signature. Only the fees and features will vary from one website to the other.