Compulsory to file Return after PAN Card ?
This query is : Resolved
20 June 2011
Is it compulsory to file Income Tax Return for an Individual every year after he has been issued a PAN Card .
20 June 2011
Not compulsory provided your income is less than taxable limit if you are other than a salaried employee and if you are a salaried employee if your income is less than 5 lakhs you need not file a return.
20 June 2011
no it is not. if your income is above 160000(5 lakh notification yet to come)before allowing deduction under Chapter-VIA then only it is obligatory to file ITR refer sec 139 of IT Act in this regard.
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21 June 2011
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