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Filing of Return for Salaried persons below Rs 5,00,000/-

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(Querist)
24 June 2011 As per Income Tax Notification Salaried indiaviduals need not file return of Income below Rs 5,00,000/- .But i wanted to know that Rs 5,00,000/- should be before considering Chapter VIA deduction or after please specify from salalry
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
24 June 2011 Before claiming chapter VIA deductions. Pl see section 2(45) and 5 of the IT Act,1961.
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RAMESH KUMAR VERMA

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RAMESH KUMAR VERMA (Expert)
24 June 2011 FULLY AGREED WITH EXPERTS.......




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