A strage similarity between the maps of Italy and Proposed Andhra Pradesh. Mirror images?


CBDT Says – Salaried persons earning up to Rs 5 lakh annually also have to file income tax returns this year – FY 2012-13

Unlike the past two years, salaried persons earning up to Rs 5 lakh annually will have to file income tax returns, Central Board of Direct Taxes (CBDT) said on Monday.
The CBDT had exempted salaried employees having total income of up to Rs 5 lakh including income from other sources upto Rs 10,000 from the requirement of filing income tax return for assessment year 2011-12 and 2012-13, respectively.
“The exemption was available only for the assessment years 2011-12 and 2012-13…the exemption provided during the last two years is not being extended for assessment year 2013-14,” the CBDT said in a statement.
Earlier in May, the CBDT had made E-filing of income tax return compulsory for assessment year 2013-14 for persons having total assessable income exceeding Rs 5 lakh.
The CBDT said the exemption was given considering paper filing of returns and their processing through manual entry on system.
It said the exemption has been not been extended as the facility for online filing of returns has been made “user-friendly with the advantage of pre-filled return forms”.
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