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Replies (4)
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Could any one explain need for income tax returns filing for salary employee. What will happen if i dont file it. |
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As per section 139(1) of ITact every person whose income exceeds maximum limit not chargeable to tax is required to file income tax return
Section 271F imposes penalty for non filling of income tax return
| Could you tell me how much is that maximum limit for the assesment year 2010-2011. | ||
its 160000 for male assessee
190000 for female assessee
240000 for sr. citizen
if u have income more than that you should file income tax return
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