Menu
Deduction in case of salarid employee
Is requir to file income tax return previous year for taking deduction of rupees 50000 in current year in respect of salaried employee
Replies (4)
If your income exceeds basic exemption limit then you can file return by deducting standard deduction of 50000 rupees
Please clarify elaborate your query
No not compulsory. whenever you file salary return you will get deduction of 50000/-
No such restrictions in act.
Recent Threads
- Query of Goodwill
- Remuneration to Partners
- Request For Dhirajlal Rambhia
- Tds deduction queery
- Check ITR1 on income tax Form ITR1 Instead of 1 ho
- Form 121 requirement
- Interest on reversal of ITC when ITC balance avail
- Is MirrorFly an Instant Messaging Software?
- ITR filling for legal heir
- How Can I qualify CA Final Exam?
Related Threads
CAclubindia
