e-Filing has been made compulsory for the person
1) who is an Individual or
2) a Hindu Undivided Family,
3) if his or its total income, or the total income in respect of which he is or it is assessable under the Act during the previous year, exceeds ten lakh rupees
4) for AY 2012-13 onwards.
E-filing for such individuals was optional till 2010-11.
The department had received a record number of 1.64 crore e-returns in the 2011-12 financial year.
“We have done it to encourage people to go for e-filing of returns. This makes the entire process faster. However, the digital signature is not mandatory for them,” a finance ministry official said.
Currently business houses with receipts of Rs. 60 lakh and professionals with income of Rs. 15 lakh are mandatorily required to e-file their return with digital signature.
As on March 31, 2012, there were 19,684,592 tax payers who had registered for e-filing.