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Penalty issue

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Querist : Anonymous

Querist : Anonymous (Querist)

28 April 2015 FINANCIAL YEAR 2013-2014 MY CLIENT GROSS INCOME IS 250000/- AND DEDUCTION U/S 80C 50250 = NET TEXBLE INCOME IS = 199750 HIS NOT FILE INCOME TAX RETURN HE IS NEED TO FILE HIS INCOME TAX RETURN TODAY SO HIS LIABLE TO PENLY RS 5000/- ?? PLEASE GUIED ME

FROM VIRAL UMRANIYA
(M) 9033586597

arihant kumar jain

arihant kumar jain (Expert)
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28 April 2015 No Need to File Income tax Return If Your Gross Total Income is below the Basic Exemption limit.In Your Case It is Below the GTI. So Dont Worry

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Querist : Anonymous

Querist : Anonymous (Querist)

29 April 2015 SO I HAVE FILE INCOME TAX RETURN FOR A.Y. 2014-15TODAY ??

arihant kumar jain

arihant kumar jain (Expert)
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30 April 2015 You are required to file ITR when your GTI exceeds The Basic Exemption Limit.

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