Return filed for ay 2015-16
This query is : Resolved
Monika Khadayate
(Querist)
31 March 2016
f my income is less than 2,50,000 in FY 2014-15, then also i have to file my return today? please give me advise
Amol S Joglekar
(Expert)
31 March 2016
Not required as such. But it is better you keep on filing your return of income on regular basis so that your PAN remains ACTIVE
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Monika Khadayate
(Querist)
31 March 2016
there is a circular issued for AY 2014-15 and AY 2015-16 to file income tAX RETURN on or before 31.03.2016. that why i m asking that for AY 2015-16, whether it is mandatory for people to file ITR on 31.03.2016 whose income is below taxable limit?
Amol S Joglekar
(Expert)
31 March 2016
Yes. In fact there is effective ad campaign by the income tax department about the same, on TV channels as well.
For financial year 2014-15, your income is below 250,000. So your case is out of the scope of that circular.
As I said, it is better to file the return. You can file the same any time before 31/03/2017.
For financial year 2014-15, your income is below 250,000. So your case is out of the scope of that circular.
As I said, it is better to file the return. You can file the same any time before 31/03/2017.
CA R SEETHARAMAN
(Expert)
31 March 2016
No need to file ITR if income is below taxable limit.
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