About filling of return

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shivani (Querist)

11 March 2013 sir,

i want to know that is it compulsory for all to file the income tax return whether his/her taxable income doesn't exceed the exemption limit...also give me all information about filling of return... plz rply me

CA Suraj Lakhotia

CA Suraj Lakhotia (Expert)

11 March 2013 Income Tax return is to be filed only if income exceeds the basic exemption limit.

shivani

shivani (Querist)

11 March 2013 but someone has told me that all the assessee must file the return even his/her exemption limit exceed or not..

CA Suraj Lakhotia

CA Suraj Lakhotia (Expert)

11 March 2013 139.(1) Every person,—
(a) being a company [or a firm]; or
(b) being a person other than a company [or a firm], if his total income ...during the previous year exceeded the maximum amount which is not chargeable to income-tax,...shall, on or before the due date, furnish a return of his income.

So,
If your income does not exceed basic exemption limit, then you need not file return of income tax.

shivani

shivani (Querist)

11 March 2013 thanx a lot sir..

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