For filing of itr - f.y. 2012-13 asstt. year 2013-14
This query is : Resolved
sanjay kumar gupta
(Querist)
20 March 2014
Dear Sir,
Facts of the case are as under :
1. Salaried person
2.Gross Salary Rs. 550000.00
3.Deduction U/s 80 C Rs 100000/-
Whether the Assessee is liable for filing of ITR or not.
Thanks
Facts of the case are as under :
1. Salaried person
2.Gross Salary Rs. 550000.00
3.Deduction U/s 80 C Rs 100000/-
Whether the Assessee is liable for filing of ITR or not.
Thanks
20 March 2014
yes since it has crossed the basic exemption limit of rs 2,00,000
CA Jitender Sharma
(Expert)
20 March 2014
As per exemption provided by govt in income tax act he has a option to file ITR for A.y 2012-13. but after that
ITR is mandatory for him. as his taxable income is more than 2lakh i.e basic exemption limit.
ITR is mandatory for him. as his taxable income is more than 2lakh i.e basic exemption limit.
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