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Last Updated : Tuesday 3rd April, 2012 - 10:08pm
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Change in the provisions for filing of return of income 
(1)  An individual or HUF must file the return of income electronically for the previous year 2011-12 and subsequent previous year if his/its total income exceeds Rs. 10 lakhs.

(2)  A resident Individual or a resident HUF must file the return of income electronically for the previous year 2011-12 and subsequent previous year, if he/it has:

(a)  assets (including financial interest in any entity) located outside India; or

(b)  signing authority in any account located outside India.

(3)  The prescribed ITR Form SAHAJ – ITR 1 cannot be used by a resident Individual to file his return of income, if he has:

(a)  assets (including financial interest in any entity) located outside India; or

(b)  signing authority in any account located outside India.

(4)  The Form SUGAM – ITR 4S, prescribed in the case of an individual or a HUF deriving business income and such income is computed in accordance with special provisions referred to in section 44AD and section 44AE of the Act, cannot be used by a resident Individual or a resident HUF to file the return of income, if he/it has:

(a)  assets (including financial interest in any entity) located outside India; or

(b)  signing authority in any account located outside India.




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