Income tax return
This query is : Resolved
08 April 2015
Hi All
Salry Income 266000 less -9600-2500-3900(TA, PT & TDS respectively)
there is noi liability of IT do i have to file Income tax Return??????????
thnx
preet
Salry Income 266000 less -9600-2500-3900(TA, PT & TDS respectively)
there is noi liability of IT do i have to file Income tax Return??????????
thnx
preet
08 April 2015
Hi,
The exemption from filing I-T returns is applicable only if 'the total income of the employee does not exceed Rs. 5 lakh ... (and) the annual interest earned from savings bank account is less than Rs. 10,000' for assessment year 2012-13.
Filing I-T returns is, however, necessary to claim refunds
In your case,
prima facie, There are refund of around Rs. 400 /- check your refund status if there will be any refund then you need to file IT return to claim IT refund.
The exemption from filing I-T returns is applicable only if 'the total income of the employee does not exceed Rs. 5 lakh ... (and) the annual interest earned from savings bank account is less than Rs. 10,000' for assessment year 2012-13.
Filing I-T returns is, however, necessary to claim refunds
In your case,
prima facie, There are refund of around Rs. 400 /- check your refund status if there will be any refund then you need to file IT return to claim IT refund.
Message likes :
1 times
09 April 2015
Hi
Thanks alot,given complete information, got clarity
thnx
preet
Thanks alot,given complete information, got clarity
thnx
preet
09 April 2015
Exemption from ITR filing was only available for A/Y 2011-12 & 2012-13.
If Income exceeds 5 Lakhs E-filing is mandatory.
If Income exceeds 5 Lakhs E-filing is mandatory.
Message likes :
1 times
09 April 2015
Yes agreed with CA Karan . .(y)
10 April 2015
so in my case where Gorss total income is Taxable but there is no tax liability beacasue of TDS, do i have to file the Return???????????
thnx
preet
thnx
preet
10 April 2015
Yes you are required to file the return of income since your Total Income exceeds the basic exemption limit. Agree with the experts.
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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
