E FILING NEW RULES
E filing of income tax returns is today a very common thing. But till now people were filing their income tax electronically due to option not by compulsion, today new notification is issued that persons having 10 lakhs or more of annual income has compulsorily e file the income tax return.
Till now they had the option of either e file it or file it manually. This change is applicable from this financial year i.e. 2012-13.
Online filing of income tax has several advantages that you can check the refund status and will receive refund within 3 months.
This notification is only for salaried employees not for self employed persons.
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