ICICI

E-filing mandatory if income more than 10 lacs


CA. Shwetank Vats (Chartered Accountant)     22 July 2012

CA. Shwetank Vats
Chartered Accountant 
 10 likes  653 points

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The finance ministry has made it mandatory for people who have an annual income of over Rs. 10 lakh to file their tax returns for 2011-12 electronically.

My Q is :-
(a)10 Lacs is Gross Total Income
   (Column B4 of ITR-1)
             OR
(b)10 Lacs is Total Taxable Income (Assessment Income on which tax shall be calculated) (i.e. Gross Total Income Less Deduction u/s 80) (Column 15 of ITR-1)

Which should be read more than 10 Lacs either (a) Or (b) as above

Please reply urgently

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