for return query

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sudhir rawal (Querist)

16 April 2010 sir it's necessary to file return that if anybody is having gross total income is more than the slab rate but after such deduction under chapter VI A person is income is less than slab and his tax liability is zero

kindly give me practical approach theory i know that.........

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

16 April 2010 The theory you know is the practical approach. Let me also remind you one good old saying."Don't learn the tricks of the trade first,learn the trade".

sudhir rawal

sudhir rawal (Querist)

17 April 2010 dear sir i am fully agree with you but still my question is that what people do with it

if they don't submit the return then any liablity imposed or not on them and as well as what are the practically seems

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

17 April 2010 What people do is a general question which I am not supposed to answer in an open forum .I used to remind the compliance of the 4th proviso to section 139(1) so as to avoid the consequences of section 271F.

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CMA RV Padmakumar.A

CMA RV Padmakumar.A (Expert)

17 April 2010 Once you submitted return on any AY or you have a PAN No. you are in the Data Base of the IT department. In Practicality they can ask you to submit return any time.

NISHIT A. DOSHI

NISHIT A. DOSHI (Expert)

19 April 2010 Hi,

As far as filing of IT Return is concerned,rule is such that when your GROSS TOTAL INCOME (BEFORE CLAIMING DEDUCTION UNDER CHAPTER VI-A) exceeds the basic exemption limit, person has to file the income tax return.

Regards,
C.A.NISHIT DOSHI

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