Should i file return of income or not ???
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 August 2015
Respected sir ,
My gross total income exceeds basic exemption limit but after allowing chapter VIA deduction the total income doesn't exceeds the basic exemption limit. shall i have to file return of income or not ????
My gross total income exceeds basic exemption limit but after allowing chapter VIA deduction the total income doesn't exceeds the basic exemption limit. shall i have to file return of income or not ????
28 August 2015
Every individual whose total income before allowing deductions under Chapter VI-A of the Income-tax Act 1961, exceeds the maximum amount which is not chargeable to income tax is obligated to furnish his return of income. For AY 2015-16 Maximum Amount not Chargeable to Tax is:
# Rs 2,50,000/- (General)
# Rs 3,00,000/- (Senior Citizen – Age between 60 to 79 Years)
# Rs 5,00,000/- (Super Senior Citizen – Age 80 or Above)
So you need to file Income Tax Return.
# Rs 2,50,000/- (General)
# Rs 3,00,000/- (Senior Citizen – Age between 60 to 79 Years)
# Rs 5,00,000/- (Super Senior Citizen – Age 80 or Above)
So you need to file Income Tax Return.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
29 August 2015
Thanque so much sir.
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