Efiling it returns urgent

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
03 August 2013 sir my salary income before chapter VI deductions is 5,20,000.
but after 80C net taxable is income is 4,20,000.
now my question is can i submit IT Returns compulsory or Not?

03 August 2013 Yes IT reqturn required to be submited by you and further you are required to submit your return electronically. E-filing is mandatory when total income is more than Rs 5 lacs.

03 August 2013 form A Y 2013-14 it is compulsory to file return for salary person.
salary amount not mattar

03 August 2013 1)Yes, mandatory to file return

2)Unlike the past two years, salaried persons earning up to Rs 5 lakh annually will have to file income tax returns,as said bt CBDT

3)The Central Board of Direct Taxes (CBDT) had exempted salaried employees having total income of upto Rs 5 lakh including income from other sources upto Rs 10,000 from the requirement of filing income tax return for assessment year 2011-12 and 2012-13, respectively.

4)"The exemption was available only for the assessment years 2011-12 and 2012-13...the exemption provided during the last two years is not being extended for assessment year 2013-14," the CBDT said in a statement.

03 August 2013 IN YOUR CASE IT IS MANDATORY TO FILE ITR-1.

03 August 2013 Mandatory to file return but not mandatory to file ITR 1. ITR 1 can be filed or ITR 2 can also be filed.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query