Compliance for a.y. 2013-14
This query is : Resolved
Abhishek Roy Choudhury
(Querist)
17 February 2016
Dear Sir,
An assesse had received notice from IT Dept. for making compliance for A.Y. 2013-14. In that year his Gross Total Income is Rs. 3.00 Lacs and deduction u/s. 80C is Rs. 1.50 Lacs. So his Total Income is Rs. 1.50 Lacs. In compliance sheet they ask for reason of non filing and there are options like 1) No Taxable Income, 2) Others. Can he select the option No taxable Income in his case or not.
Please suggest as early as possible. your valuable reply would be helpful.
Thanks,
Abhishek Roy Choudhury.
An assesse had received notice from IT Dept. for making compliance for A.Y. 2013-14. In that year his Gross Total Income is Rs. 3.00 Lacs and deduction u/s. 80C is Rs. 1.50 Lacs. So his Total Income is Rs. 1.50 Lacs. In compliance sheet they ask for reason of non filing and there are options like 1) No Taxable Income, 2) Others. Can he select the option No taxable Income in his case or not.
Please suggest as early as possible. your valuable reply would be helpful.
Thanks,
Abhishek Roy Choudhury.
Nikhil Kaushik
(Expert)
17 February 2016
he was supposed to file the return..kindly read the provisions for application of 139(1). Income before providing for Chapter VIA deductions is to be considered.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Query on effect of registration of property
- Visiting card purchase
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Whether output tax is taken credit by purchaser
- Wrong CMPo8 file
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Additional trade name
- Number of years as per AS amortisation of Goodwill
- Equity Share Sale and Purchase
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
