The CBDT amended Rule 12 with Income-tax
(Fourth Amendment) Rules, 2014, which brings following assessee within the net
of mandatory e-filing of return or notice, as the case may be:
1)
Partnership
firms: Earlier e-filing of return was mandatory only for those
firms who were liable to get their accounts audited. In view of this amendment,
every firm is now required to e-file the return even when they are not liable for
tax audit for Assessment Year 2014-15.
2)
Political
parties: Earlier political parties were given an option to file
e-returns. Now every political party (it its income exceeds the maximum amount
not chargeable to tax) is under an obligation to file e-return.
3)
Specified
Trust: As per section 11(2) every trust can accumulate its income
for application in subsequent years if its total income wasn’t applied or was
not deemed to have been applied for charitable purposes in India during the
previous year. Such trusts are required to give notice to the Assessing officer
in prescribed format regarding accumulation of income. These trusts are now are
required to file such notice in electronic mode.
NOTIFICATION NO.24/2014
[F.NO.142/2/2014-TPL]/SO 997(E), DATED
1-4-2014
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