Income tax return
This query is : Resolved
21 August 2012
hi..is it compulsory for every person who is earning money to file an income tax return.?
21 August 2012
1. For an individual, filing income tax return is mandatory if the total income BEFORE deduction u/s 80C, 80D, etc EXCEEDS the exemption limit.
2. Salaried persons are exempt from filing income tax return, subject to certain conditions.
However, it is beneficial to file the income tax return.
2. Salaried persons are exempt from filing income tax return, subject to certain conditions.
However, it is beneficial to file the income tax return.
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21 August 2012
Agree with expert.
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