Return filing for individual
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 July 2012
Respected Sir,
I am having income from salary around Rs. 364000 & interest on fixed deposits more than Rs. 10000 in F.Y. 2011-12. Is it compulsory for me to file a IT return.
Thank you.
I am having income from salary around Rs. 364000 & interest on fixed deposits more than Rs. 10000 in F.Y. 2011-12. Is it compulsory for me to file a IT return.
Thank you.
Amol S Joglekar
(Expert)
27 July 2012
Of course YES. (By the way return filing has really made very easy these days. Do not get afraid of.)
27 July 2012
Yes you have to file tax return because u have a income of interest on Fixed deposit.
Salaried persons are exempted for filing income tax return only when salary is upto 5 lacs and interest from savings bank account is not more than 10,000.
So u have to file income tax return in ITR1 sahaj.
Salaried persons are exempted for filing income tax return only when salary is upto 5 lacs and interest from savings bank account is not more than 10,000.
So u have to file income tax return in ITR1 sahaj.
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