23 February 2014
Dear sir
i am working in pvt company my annual salary Rs.232,000.00 but i claimed Rs 32,000 under 80C. it is compulsary to file the IT return
23 February 2014
Yes as per section 139(1) filing is mandatory.
Section 139(1) says 'If total income of any person in respect of which he is assessable under this Act during the previous year exceeded the maximum amount which is not chargeable to income-tax he shall, on or before the due date, furnish a return of his income.
Total Income: The total income of an assessee is the income arrived at, after claiming all deductions in accordance with and subject to the provisions under Chapter VIA (sections 80C to 80U) from the Gross Total Income. The total income is also known as the Taxable Income of assessee.
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