Income tax return filing
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 July 2017
Hi,
I am Resident Senior Citizen Individual .
For FY 2016-17 AY 2017-18 I am having Gross Income above 3 lakh & after deductions under Chapter VI-A , Net Income is below Rs 3 Lakh
As per Income Tax Slabs , Tax Liablity is Zero.
Am I still required to file Income Tax return ???
I am Resident Senior Citizen Individual .
For FY 2016-17 AY 2017-18 I am having Gross Income above 3 lakh & after deductions under Chapter VI-A , Net Income is below Rs 3 Lakh
As per Income Tax Slabs , Tax Liablity is Zero.
Am I still required to file Income Tax return ???
CA Rashmi Gandhi
(Expert)
23 July 2017
No need to file Income Tax return.
13 October 2021
Yes, you need to file return as gross income is above exempted limit.
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