Income tax return
This query is : Resolved
Kollipara Sundaraiah
(Querist)
19 July 2019
One person agricultural income 4 lacs and other source of income 150000 received . Income tax return filed compulsory for 2018.2019 financial year.
KAVIRAJA ADDANGADI
(Expert)
20 July 2019
Not necessary, if you have tds refund for other sources you need to file,
Message likes :
2 times
20 July 2019
IF YOUR INCOME EXCEED THE BASIC LIMIT THEN YOU NEED TO FILE RETURN OF INCOME i.e Rs.2.5Lakhs.
as per given your fact:
you have only taxable income Rs.150000 only, not exceeding Rs.250000 then not required and agriculture income is exempt as per section 10(1).
as per given your fact:
you have only taxable income Rs.150000 only, not exceeding Rs.250000 then not required and agriculture income is exempt as per section 10(1).
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