new with Income Taxes and e-Filing this year

Changes in e-Filing this year onwards

• E-Filing is compulsory for people earning more than Rs. 5Lakhs. This refers to the total income amount after claiming tax deductions like section 80 deductions. 
• You will need to enter the IFSC code instead of MICR code while specifying your account details.
• For getting refund via ECS (i.e. directly into your bank account), you have to specify an 11-digit number Bank Account Number.
  If you do not have an 11-digit bank account number, then you have to request your refund via cheque. 
• You will have to file the ITR-2 in case of exempt income exceeding Rs. 5,000. Common examples of Exempt Income are PPF interest. Dividend earned from shares etc.
• Remember to claim Section 80TTA: Everyone should declare their Bank Interest Income and then claim this deduction. 
• Section 80D (Preventive Healthcare Expenses)
• You can claim up to Rs. 5000 for preventive Healthcare Expenses. (The expenditure could have been in cash too)
• Declaration of Assets and Liabilities for Business people:If you earn Income from Business or Profession and your Total Income exceeds Rs. 25 Lakhs, you have to provide the details of all your personal and business Assets & Liabilities in Income Tax return itself. This is for people filling in ITR-3 and ITR-4 only. 
• Foreign Income declaration: Income earned from foreign countries has to be declared in the ITR. This is in addition declaration of all
• foreign assets in your I-T Return.