By CA Manoj Kohli 30th April.,2012 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 . ITR-5 and ITR-6 can only be filed through e filing mode hence these has not been released in PDF format yet.Further E filing of income Tax return for assessment year 2012-13 has not been started at incometaxindia efiling site .
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 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