CBDT notifies Income Tax (3rd Amendment) Rules, 2013 mandating the efiling of Audit Report and RoI for persons having income in excess of Rs.5 LPA

In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962. These rules may be called the Income-tax (3rd Amendment) Rules, 2013 and shall be deemed to have come into force with effect from the 1st day of April, 2013.

The rules further provide that an assessee required to furnish a report of audit under sections 44AB, 92E or 115JB of the Act, shall furnish the same electronically for AY 2013-14 onwards. In addition to this, a person having Total Income in excess of Rs. 5 Lakhs, shall furnish a return of income for AY 2013-14 and subsequent years, electronically.

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