Income Tax department has issued a notification 24/2014 on 01.04.2014 and released New income tax return form ITR-1(Sahaj), ITR-2, ITR-4S(Sugum) and ITR-V for assessment year 2014-15. Further rule 12 has also amended and now E filing is mandatory for ITR-5 (without digital signature) also. However as earlier, in audit cases(44AB) firms are required to file returns with digital signature.
Further political parties are also required to file income tax return on ITR-7 through e filing mode with digital signature. Trust are also required to file electronically notice under clause (a) of sub-section (2) of section 11 of Income tax act. Notification is reproduced here under.
tax 'N' accounts people
Tarun Kumar Gupta
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