Income tax return
This query is : Resolved
Ganapati Hegde
(Querist)
12 August 2014
Being an individual who must do incometax return compulsorily? is thr any provision for limit of income above which or from a specific source must compulsorily ITR FILING...?
Nikhil Kaushik
(Expert)
12 August 2014
refer section 139 of the Income-tax Act 1961 read with Rule 12 of the Income-tax Rules 1962
Rupesh Jain
(Expert)
12 August 2014
yes you have to file the return it is compulsory.
Nikhil Kaushik
(Expert)
12 August 2014
It is not compulsory. Only where your income exceeds the minimum exempted limit ie Rs 2.5 lakhs, return filing becomes compulsory.
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