Filing of income tax return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 August 2013
Rule if that if your salary exceeds 500000 then only you need to file return. But if salary is more than basic exemption, tds will be deducted. So if we dont file return, will department not send notice of tds credit. What is the logic of government for information that not mandatory to file return upto 500000
05 August 2013
the exemption you are talking about had already been withdrawn by the department. CBDT few days back vide a circular clarified that exemption for non-filing of return of income upto Rs.500000 was only for Assessment years 2011-12 and 2012-13....now if your taxable income before claiming any deducting gets exceed 200000 you are supposed to file a return.
Message likes :
1 times
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- Free lancer income
- Loan by Partnership Firm
- TDS related Query_Liquidated Damages
- Long Term Service award taxability in hands of company
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
