Filing of return

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Employee
54 Points Posted on 04 September 2014

Hello,

This query is regarding filing of return when the assessee has earned exempt income of Rs 1500000/-. The income is very well above basic exemption limit. Whether the assessee is liable to file the return?Any case laws in this support?

Your reply will be truely appreciated

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On 04 September 2014 at 14:41 Report
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Student
639 Points Posted on 04 September 2014
just have a look on sec 139(1)..
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On 04 September 2014 at 17:14
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ADVOCATE- TAXATION ADVISOR
414 Points Posted on 05 September 2014
If the assessee earned only exempt income and the total income of the assessee is less than theexexemption limit than there is no need to file his itr.
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On 05 September 2014 at 06:56
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ADVOCATE- TAXATION ADVISOR
414 Points Posted on 05 September 2014
In my opinion you have to file the itr by stating the said income under exempt income.
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On 05 September 2014 at 07:01

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