For filing of itr - f.y. 2012-13 asstt. year 2013-14

This query is : Resolved

sanjay kumar gupta (Querist)
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20 March 2014 Dear Sir,

Facts of the case are as under :

1. Salaried person

2.Gross Salary Rs. 550000.00

3.Deduction U/s 80 C Rs 100000/-

Whether the Assessee is liable for filing of ITR or not.

Thanks

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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20 March 2014 yes since it has crossed the basic exemption limit of rs 2,00,000

CA Jitender Sharma

CA Jitender Sharma (Expert)
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20 March 2014 As per exemption provided by govt in income tax act he has a option to file ITR for A.y 2012-13. but after that
ITR is mandatory for him. as his taxable income is more than 2lakh i.e basic exemption limit.