Itr v

This query is : Resolved 

05 December 2014 Hi, what is ITR V? Is it necessary to deposit this to CPC if I my income is below texable slab? Regards, Pravin.K.Roy

05 December 2014 itrv is short form of income tax return acknowledgement and if ur income is below taxable limit without applying any exemption or deduction then no need to file itr only.

05 December 2014 You need to file income tax return if your income before Chapter VI deductions exceeds basic exemption limit
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Once you filed income tax return online you are mandatorily required to submit the same to CPC bangalore
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Other wise it is treated as return not filed


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