Earning 3 lac/year but net income 1.5 lac/year. shall i pay?

Hi Alam,

Not liable to file return, as your net income / net profit is below exemption limit.

Thanks,

Devanand

agree with saroj kumar...there is no requirement for filing of return but if you want to take future you should file the return.......

agree with above

It is not necessary for you file return. But if you are planning to take loan in future, it is better you file the return.

Also you can file return of income to claim refund of tds deducted on your income, if any.

kya kaam karte ho 3 lac kamai mei bhi staff rakha hua hai

Originally posted by : ankit
	kya kaam karte ho 3 lac kamai mei bhi staff rakha hua hai

actually my Staff are those who toils and earns 3 lac for me, mei to sara din bike leke ghumta rahata hu. 

Anyway, I will do what Saroj have suggest 'file nil return for convenience in future' because my income is raising month by month.

Thanks to all for suggestion