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Income tax(itr-1)

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Shall I submit ITR-1,if my salary after deduction of standard deduction is below 2,50,000/-. ? Ex. My Gross Salary is 2,90,000/-. .I don't have any investment. Shall I submit the return?

Replies (4)

Yes, based on available data ITR 1 can be filed.

Is it mandatory?

Yes, aggregate income exceeded BEL.

Sir,

If i was under presumptive taxation scheme last year & presently I am earning as regular employee. If I opted presumptive taxation scheme,should it be continued for at least 5 year? Please advise.

 


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