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Return filing

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Querist : Anonymous

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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
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
27 July 2014 Yes you can file ITR. No restriction on that. It is a wise move.
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Querist : Anonymous

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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??
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
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.
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Rupesh Jain

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