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Filing of return
Sir, I had tax deducted by employer and filed return till last AY. However, current year my earning after deducting standard deductions, like Housing loan interest + NPS contribution etc, my income does not have tax. Do I need to file a return with NIL Tax.
Replies (16)
If you have above 2.5 lakhs taxable income you should file return
other wise no need for filing returns
you are required to file....because as per language of section 139(1) ...return is required to be filed ..when total income before claiming deduction exceeds basic exemption limit
@ Mr. Sethu Madhavan.,
Yes....
ITR is required if Your total income exceeding BEL.
As per Your ITR is mandatory if Tax / TDS payable or not.
Yes....
ITR is required if Your total income exceeding BEL.
As per Your ITR is mandatory if Tax / TDS payable or not.
if your income doesn't exceed BEL Rs.250000 before claiming chapter VIA deductions .,then you no need to file the return u/s 139(1)
Sethu Madhavan,
in case the Net total taxable income(after deducting exemption and deductions) does not exceed 2.5Lakh, there is no need to file ITR.
in case the Net total taxable income(after deducting exemption and deductions) does not exceed 2.5Lakh, there is no need to file ITR.
@ Priya Kashyap.,
Where is that provisions or Rules or act or any other notifications...?
Where is that provisions or Rules or act or any other notifications...?
Section 139 of Income Tax Act:-)
okay enjoy... ..
I want to transfer the amount in my account
| Originally posted by : Priya Kashyap | ||
 |
Section 139 of Income Tax Act:-) |  |
the sec says who get income above 2.5lakhs then he must file his ITR even he have some deductions...
| Originally posted by : Anthea pereira | ||
|
I want to transfer the amount in my account | |
can you explain...?
@ S Elavarasi
can you explain...?
can you explain...?
| Originally posted by : Priya Kashyap | ||
|
@ S Elavarasi can you explain...? | |
Read the same sec when ITR is mandatory...
What should I search for that you mentioned above !
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