Return file

This query is : Resolved 

22 September 2014 if return file for fy 10-11 then after business like parlour / tution / coaching etc will be closed and never start again then it should be necessary to file next all year return?

22 September 2014 if there is no income and the assessee is not a firm or a company, then no need to file the return.

22 September 2014 No. If the income of the Individual is below exemption limit then its not mandatory to file Income Tax Return.

22 September 2014 Income source is only FDR interest then?

22 September 2014 Interest is below 2 lac then?

22 September 2014 Then its not mandatory to file Income Tax Return.

22 September 2014 If u r income from all sources is less than 2 L and u ar not a firm or company, then it is not necessary to file return.

23 September 2014 If the total income is not more than the maximum amount not chargeable to tax for respective A.Y. , and assessee is not a firm or company, then ROI filing is not mandatory.


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