Efiling it returns urgent

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This query is : Resolved

Querist : Anonymous

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?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)

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.

Rupesh Jain

Rupesh Jain (Expert)

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

Ganeshbabu K

Ganeshbabu K (Expert)

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.