Income tax return
This query is : Resolved
preet prakash
(Querist)
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
CA Pankaj Kr Agrawal
(Expert)
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
preet prakash
(Querist)
09 April 2015
Hi
Thanks alot,given complete information, got clarity
thnx
preet
Thanks alot,given complete information, got clarity
thnx
preet
CA.Karan Dawar
(Expert)
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
CA Pankaj Kr Agrawal
(Expert)
09 April 2015
Yes agreed with CA Karan . .(y)
preet prakash
(Querist)
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
CA Shravan Kumar
(Expert)
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
- EPF ECR NEW FILE SEP 17TH 2026
- Gst registered proprietorship firm
- TDS on purchase of under construction property from a reseller
- TDS on Fixed Assets purchased
- Non filing of I T Returns
- TAX AUDIT ON PROFESSIONAL INCOME
- Capitalgain tax purposes for valuation report compulsory
- SALARY CAN BE CAPITALIZE
- GST Intimation due to Government took possession of Business Premises under PPE Act
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
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
