Income tax filing compulsory
This query is : Open
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/- ?
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.
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.
11 April 2016
thank u sir
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
- House Property Reporting in ITR
- Refund Annexure-B
- TDS Claim year
- Internship/Academic shown in Salary Pay Slip of a Doctor
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- TDS Challan Code
- Liable to deduct tds and 44ADA
- E Commerce GSTR1 & 3B how to file
- 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
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
