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Filing of return

Others 549 views 16 replies
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15 Points Posted on 23 February 2019
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.
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On 23 February 2019 at 12:53 Report
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Nil
2791 Points Posted on 23 February 2019

If you have above 2.5 lakhs taxable income you should file return

other wise no need for filing returns

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On 23 February 2019 at 13:39
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CA FINAL ASPIRANT
3115 Points Posted on 23 February 2019
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
2 Reply
On 23 February 2019 at 15:46
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"Do the Right Thing...!!!"
128152 Points Posted on 23 February 2019
@ 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.
2 Reply
On 23 February 2019 at 16:08
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27 Points Posted on 23 February 2019
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)
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On 23 February 2019 at 16:11
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Student
7053 Points Posted on 24 February 2019
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.
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On 24 February 2019 at 08:30
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"Do the Right Thing...!!!"
128152 Points Posted on 24 February 2019
@ Priya Kashyap.,

Where is that provisions or Rules or act or any other notifications...?
1 Reply
On 24 February 2019 at 08:33
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Student
7053 Points Posted on 24 February 2019
Section 139 of Income Tax Act:-)
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On 24 February 2019 at 08:54
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"Do the Right Thing...!!!"
128152 Points Posted on 24 February 2019
okay enjoy... ..
1 Reply
On 24 February 2019 at 08:58
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2 Points Posted on 25 February 2019
I want to transfer the amount in my account
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On 25 February 2019 at 13:30
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ACCOUNTANT
2975 Points Posted on 25 February 2019
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...

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On 25 February 2019 at 17:29
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"Do the Right Thing...!!!"
128152 Points Posted on 25 February 2019
Originally posted by : Anthea pereira
I want to transfer the amount in my account

 

can you explain...?

1 Reply
On 25 February 2019 at 18:52
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Student
7053 Points Posted on 25 February 2019
@ S Elavarasi
can you explain...?
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On 25 February 2019 at 23:19
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ACCOUNTANT
2975 Points Posted on 26 February 2019
Originally posted by : Priya Kashyap
@ S Elavarasi can you explain...?

 

Read the same sec when ITR is mandatory...

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On 26 February 2019 at 16:47
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Student
7053 Points Posted on 26 February 2019
What should I search for that you mentioned above !
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On 26 February 2019 at 16:48


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