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(Querist)
23 May 2013 Income for compulsary filling of return for individual is after considering deduction u/s VI ?
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Ganeshbabu K

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Ganeshbabu K (Expert)
23 May 2013 No, it is before chapter VIA deductions i.e, with out allowing Chapter VIA deductions, if income exceeds BASIC EXEMPTION LIMIT you need to file return-139(1),

However if assesse is having only salary income
and income not exceeding 5 lacs(after all deductions), it is not mandatory to file ITR


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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
23 May 2013 Yes after considering chapter VI deductions, because the words used in section 139(1)(b) is 'total income' which means taxable income.
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