Income tax filing compulsory
This query is : Open
Govind Agarwal
(Querist)
02 April 2016
Does income tax filing is compulsory for a person whose income from salary amounts to 240000/-and fixed deposit made of Rs 200000/- ?
KAVIRAJA ADDANGADI
(Expert)
03 April 2016
Tax filing not compulsory, Considering FD interest income is less than taxable limit. If Tds deducted on FD by filling return assasee can claim refund.
Better advice to file returns since there is investment in FD, Department wants to know source for Investment. So filing return helps show source if income.
Better advice to file returns since there is investment in FD, Department wants to know source for Investment. So filing return helps show source if income.
Murtaza I Bhagat
(Expert)
03 April 2016
not compulsory every time but if you file regularly return then it will give benefits to you when you forgot your data somewhere for that years for which you didn't file any return.
Govind Agarwal
(Querist)
11 April 2016
thank u sir
Govind Agarwal
(Querist)
11 April 2016
thank u sir.
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
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Reward for festival
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- ARCA LOGIN
- Import of Capital Machine
- TDS Return Statement Status
- Closer of business and itc of capital goods
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Capital gain on commercial property and investment in residential property
- Rectification under processing even after 6 months cpc portal
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
