Return filing


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
27 July 2014 Hi,
My income for AY 14-15 is from Business and is below exemption limit.

I still want to file income tax return as for Bank loan, ITR are generally asked.

Can I file ITR in such situation?

Regards

27 July 2014 Yes you can file ITR. No restriction on that. It is a wise move.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
27 July 2014 Thanks for the reply.

But I feel if file return, the chances of assessment are higher....

So Shall I Still file return??

27 July 2014 Why do you think so? There is no such criteria. Please go ahead and file your Income Tax Return. Above all why worry about assessment you are not hiding anything or making wrong or non disclosure.

Rupesh Jain (Expert)
02 August 2014 you can file the return and declare the correct income and investment.


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



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details