Hi Forum,
When choosing the ITO to submit the ITR, which income is determined? For eg., for income above 15 lakhs the ACIT/DCIT need to be chosen and not the ITO, but on what basis is the income determined - on Gross Total Income or Net Taxable income?
If a person was filing returns to the ITO (less than 15 lakhs) till last year, and if this year the income exceeds 15 lakhs can he just switch the filing to the respective ACIT/DCIT?
Look forward to your replies and assistance.
Balaji Ramani.
Agree with Mihir
FULLY AGREE WITH MIHIR JI
Hi All,
Thanks for the response. That is the first thing that came to my mind. While checking the jurisdiction, the premise is that the income is below 15 lakhs.
But when do you choose the below option? Also, if the income was less than 15 lakhs last year and filed with the ITO, can we just switch this year to the DCIT/ACIT? Also, which income is calculated - Gross income or Net taxable income to determine above or below 15 lakhs?
| DCIT/ACIT SALARY CIRCLE TAMBARAM | where income is Rs. 15 lakhs and above. | CHE | C | 142 | 1 |
Best regards,
Balaji Ramani.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
