Please Wait ..

Sign-in to your account


Username:
Password:

Remember Me

Forgot your password?

Sign-up now



Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.


Discussion > Income Tax > Tax queries >

Income below the Minimum Slab, is Filing IT Returns Compulso

    Post New Topic
Pages : 1 2 3





Arbitrager

[ Scorecard : 198]
Posted On 28 February 2011 at 21:36 Report Abuse

Hi,


My Wife is taking some part time Classes for School students and her annual income is less tan 1,60,000. Is Filing IT Returns compulsory for her?

Thanking you for your  Response.

Thanks & Regards,
Harshit


Online classes for CA CS CMA



CA Shraddha Bankar
CA

[ Scorecard : 174]
Posted On 28 February 2011 at 21:44

Filing IT return is not complusory for her. But it recommended to file the return as it will help if in future some loan is to be taken.



Total thanks : 1 times




Yogi Saraf
Audits & Taxation

[ Scorecard : 86]
Posted On 28 February 2011 at 21:45

It is not necessary but it is desirable to file the return of income even if it is below the exemption limit.



Total thanks : 1 times



APOORV SAXENA
Chartered Accountant

[ Scorecard : 794]
Posted On 28 February 2011 at 21:47

its not compulsary.....and if you file the return...the assessing officer wont accept the return.

Any ITR in which income is below the exemption limit is not accepted by any ward !!



Total thanks : 1 times



Durgesh Joglekar
Mcom

[ Scorecard : 9825]
Posted On 28 February 2011 at 22:20

Hello

yes it is not compusory to file return  when income even if it is below the exemption limit.

but Apoorv it is not the case that assessing officer will not accept the Return.

we can file return even if our income is below exemption limit.......



Total thanks : 1 times



APOORV SAXENA
Chartered Accountant

[ Scorecard : 794]
Posted On 01 March 2011 at 06:36

@ durgesh....i am from delhi and here AO's of all the wards dont accept any ITR in which income is below exemption limit. They say this nil return are useless for us !!



Total thanks : 1 times



CA. Abhishek K. Pandey
Manager (Advance)

[ Scorecard : 827]
Posted On 01 March 2011 at 09:04

@ Apoorv: No, AO can't deny. May be in Delhi, due to burden of ITRs, he is saying so !!



Total thanks : 1 times



Durgesh Joglekar
Mcom

[ Scorecard : 9825]
Posted On 01 March 2011 at 12:12

Yes Apoorv..... Obovious we can file every return irrrespective of income...

and if in delhi.... AO's are not accepting then you can complaint for that otherwise go for e-filling....

but remember we can file return u/s 139(1) 



Total thanks : 1 times



sachin sharma
article

[ Scorecard : 117]
Posted On 01 March 2011 at 12:14

Hi harshit,

mr. apoorv is correct.

AO can deny to accept the return in which gross total income is below the slab as circular is also issued by the IT department in May 2010 regarding this.



Total thanks : 1 times



Durgesh Joglekar
Mcom

[ Scorecard : 9825]
Posted On 01 March 2011 at 12:21

let us know cpoy of circular.....?



Total thanks : 1 times


There are 21 Replies to this message








Related Files








Related Threads


Post your reply for Income below the Minimum Slab, is Filing IT Returns Compulso



Your are not logged in . Please login to post replies

Click here to login


Not a member yet ?? Click here to signup

Message







    

  • Use thank button to convey your appreciation.
  • Maintain professionalism while posting and replying to topics.
  • Try to add value with your each post.



Forum Home | Forum Portal | Member Control Center | Who is Where | Popular Threads | Today's Topic | Recent Posts | Today's Posts | Post New Topic | Thread With Files | Top Threads This Month | Forum Stats | Unreplied Threads

back to the top