banner_ad

Exemption in filing assesee who having salary income lt;5 lakh

ITR Filing 986 views 2 replies

The assess is a govt doctor, having salary income below 5 lakhs. he running private clinic result in depreciation loss. Whether he have to file retun or  can enjoy exemption from filing return under salary income below Rs.5 lakhs. Please any one clarify

Replies (2)

Dear Mr. S.S. Aravindhan !

If  a ‘salaried class’ assessee fulfills the following conditions, he need not file the return of income !

  •  Individual status
  •  Total income does not exceed Rs.5 lakh
  •  Income consists of
    •  Salary
    •  Interest not exceeding Rs.10,000/- from SB A/c in a bank
  •  Has reported PAN to his employer  
  •  The employer has deducted the tax  
  •  Has received Form 16 from his employer
  •  Has no refund/tax liability
  •  Has received salary from only one employer

 

Sir, Your cilent has Income (Loss )under the head BUSINESS & PROFESSION as he is running his private clinic. He has Income apart from his salary Income. Exemption is available only for Persons Having Income from Salary source and not from any other source.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details