31 March 2015
Hi....
I want to know that I get notice from Income tax for the holding share of more then 1 lac.
It is just letter that you have to file return and if you file it just keep it with you no need to send letter to us.
I want to know that the yearly income is not more then 30-45 thousands and it is for senior citizens and female.
Kindly it is necessary to file income tax return.
31 March 2015
The source for purchase of shares is not a taxable income(below the limit/exempted income) and the income is below the taxable limit a reply may be sent, that you don't have any taxable income to file the return. No need to file the return if there is no taxable income.
CAclubindia
