Hello members, just had a small query. If a person has 1Lac income which is below the taxable limit but has say 5 lac exempt income from LTCG shares sale, is he still liable to file ITR?
Udgam Koomar (Tax Technologist) (1949 Points)
29 March 2016Hello members, just had a small query. If a person has 1Lac income which is below the taxable limit but has say 5 lac exempt income from LTCG shares sale, is he still liable to file ITR?
Vikas Gupta
(Tax Executive)
(530 Points)
Replied 29 March 2016
As far as I think he SHOULD file his return however he NEEDN'T file his return.
CAclubindia
