Income Tax Return form for
assessment year 2012-13 has been released by Income Tax department
.ITR-1 (Sahaj) ,ITR-2 ,ITR-3, ITR-4 and ITR-4S( sugam) has been
released .Now ITR-5 and ITR-6 has also been released in paper form .For
most of the assessee ITR-5 is required to be filed through efiling .
ITR-6 can only be filed through e filing mode.Further E filing of income Tax return for assessment year 2012-13 has been started at incometaxindia efiling site .E filing software form in excel can be download free from the link
Due date to File income tax return for Assessment Year 2012-13 for non -audit cases is 31.07.2012. Rules 12 for filing of income tax return
has been amended and now Individual/ HUF having income exceed 10 Lakh
have to e file their return with or without digital signature.
Further resident (but other than not ordinarily resident), and
individual /HUF having interest in entity outside India are also
required to file return through e filing mode only irrespective of their
income.
No major Changes has been made in income tax return form except details of interest in entity /Banks balance etc outside India have to be furnished in Income Tax return form .For these special columns has been provided.
Person having total taxable income up to Rs 5 lakh Salary income from
one employer including saving bank interest up to Rs 10000 is exempted
from Income tax return for assessment year 2012-13 (read details here)Exemption from return filing up to 5 Lakh Ay 2012-13