Taxman's Digital Records

     Print Edition: May 2012

If you make more than Rs 10 lakh a year, you will now have to file your tax return online.

E-filing has been made compulsory for individuals and Hindu Undivided Families with total assessable income in excess of Rs 10 lakh for financial year 2011-12 onwards, according to an announcement on the tax department website.

However, a digital signature is not mandatory. Till 2010-11, only business houses with receipts of Rs 60 lakh or more and professionals with income of Rs 15 lakh or more were mandatorily required to e-file their returns with digital signature.

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