Is it mandatory for me to file return?
This query is : Resolved
Soumendra Padhi
(Querist)
25 April 2012
My present salary is Rs.15000/p.m.My income is exactly the minimum taxable amount of income(Rs.1,80,000).
Is it mandatory for me to file income tax?
And also what may happen if I don't file income tax.
Soumendra
Is it mandatory for me to file income tax?
And also what may happen if I don't file income tax.
Soumendra
CA PARAS BAFNA
(Expert)
25 April 2012
You must be having Savings Account also. Interest Received on such a/c is also taxable.
.
It is better to file the return when your income is exactly Rs. 180000/-. There is no restriction for filing the return for the persons having below taxable income.
.
.
It is better to file the return when your income is exactly Rs. 180000/-. There is no restriction for filing the return for the persons having below taxable income.
.
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