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IT Return below 5 lacs

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 June 2011 Hi,

Is it now confirmed that people having income below 5 lacs need not file IT Return.

If there is no tax payable for people having income below 5 lacs or TDS deducted equals tax payable then is it fine with Form 16.
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CA KRISHNA KUMAR DARUKA

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CA KRISHNA KUMAR DARUKA (Expert)
21 June 2011 This provision has not yet been notified.
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CA Sanjay Jha

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CA Sanjay Jha (Expert)
21 June 2011 yes
CBDT is clarify that if TDS deducted equal to
tax payble then form 16 is assumed as ITR.
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