White or black
This query is : Resolved
29 October 2015
Suppose my total income for FY 2015-16 doesn't cross basic exemption limit then should I file the ITR to get my income white. &
Suppose my total income for FY 2016-17 also doesn't cross basic exemption limit, but when I see my bank account balance if it crosses basic exemption limit then what to do. Is this income is white or black.
30 October 2015
As your income is below taxable limits you are not paying the tax. Your income is white only. Your bank balance may exceed the basic exemption limit due to accumulation over the years.
30 October 2015
Then I dont need to file any return at all.
Right?
Right?
30 October 2015
You are right..........
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