E filing requirement
This query is : Resolved
14 August 2013
dear friends, please comment....
is it liability to file manually or efiling for persons having a salary of less than 5 lac.... of taxable income
is it liability to file manually or efiling for persons having a salary of less than 5 lac.... of taxable income
14 August 2013
1. If the income is less than Rs. 5 lakhs then e-filing is NOT mandatory.
2. If the income BEFORE claiming deduction under Chapter VIA (80C, 80D, etc) exceeds the maximum amount not chargeable to tax, then filing of return is mandatory for the AY 2013-14.
2. If the income BEFORE claiming deduction under Chapter VIA (80C, 80D, etc) exceeds the maximum amount not chargeable to tax, then filing of return is mandatory for the AY 2013-14.
14 August 2013
You are welcome. However???? You have not completed the sentence.
19 August 2013
actually, i meant to ask.. if the returns are not filed for a salaried individual before 31st july.. i think we can file before 31-3-14... but what is the effect of the delay
29 August 2013
Yes you can file till 31-3-2014.
As such there will be no impact since he is a salaried individual.
If however, there is tax payable then interest u/s 234A, 234B and 234C shall be charged.
As such there will be no impact since he is a salaried individual.
If however, there is tax payable then interest u/s 234A, 234B and 234C shall be charged.
29 August 2013
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