Non Taxable Return

Save Share

This query is : Resolved

Anil Wadhwa (Querist)

12 July 2010 Respected Sir

I need your advice. Is it necessary to file Income tax return if total income is less than 1,60,000/- ?

Returns for previous years have been filed as income was taxable in those years.

Is there any benefit of filing non-taxable return?

I understand, return of non-taxable income if filed, would be considered as "not filed". What about CASS. Could such return of income below the taxable limit be selected for scrutiny.

Kindly guide

Anil Wadhwa

Shudhanshu Agrawal

Shudhanshu Agrawal (Expert)

12 July 2010 No it is not necessary to file the ITR if taxable income does not exceed the minimum exemption limit as per Section 139(1). Moreover, i read a news paper in which it was clearly mentioned that due to extra cost burden not IT deptt will not take these return. It is very rare that small individual are salected for scrutiny.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now