Agricultural income Return Filing Liability ?

Dear Mam,

If Gross Total Income (other then agriculture Income) is less then the Exemption limit then Return filing is not mandatory.

not required to file IT return......... in this case........

Yes,

in addition to,

When Non Agriculture Income Exceeds Minimum Exemption Limit & Agriculture Income Exceed Rs. 5000/- Then Only U Need to File the Income Tax return.

The Both Criteria Should Be Satisfied.

"Every person other than company and firm  will file return of income where taxable income is  more than prescribed limit." Therefor  agriculture income  is expemt from tax, therefor it shall not calculate for the purpose of Taxable income .  Therefore in your case, return filing is  not mandatory.

ayush, i want to correct you........

it is minimum exemption limit, not maximum exemption limit.........

Regards,

Love Arora

Originally posted by : LOVE ARORA
	ayush, i want to correct you........ it is minimum exemption limit, not maximum exemption limit.........   Regards, Love Arora

Oh.Its Wronglly Typed.....

I Corrected That one.........

Thanks for Correcting Me.

welcome....... always.........

the individual need not file the return of income if the income from other sources is not taxable under special rates...

Hi Friends

Thanks a lot for your immediate response,

i expect the same support in future

thanks again

reena jain

Yes i agree to allll but its better to file a return for many purpose...

But Mr. Shivang, what will you do if ITO officials deny to accept the ITR as GTI is less than exemption limit........

Mr. Arora.. No one can stop you from filing Nil return. If you have income of 3k only and if you want to file a return than also you can file a return.

Mr. Shivang, this is not true............ atleast in delhi..........