Income tax return

rama krishnan

12244 Points Posted on 12 December 2020

Enna solla varinga Mr. mahendran?

sabyasachi mukherjee

Profession Business

28207 Points Posted on 12 December 2020

Tds is one point.
tax liability is another point.
You must know the basics .
if tds has been deducted. You must file returns immediately.
You can claim tds deducted immediately.

Shankar Rugge

377 Points Posted on 12 December 2020

if tds deducted you have to file tax return

ayusmita

Tax consultant

5895 Points Posted on 12 December 2020

Rama krishna sir 😂😊

ayusmita

Tax consultant

5895 Points Posted on 12 December 2020

if you don't have tds but income above limit then file

if you have tds then file

if you don't want to file then it's fully depends upon you

Shankar Rugge

377 Points Posted on 12 December 2020

no if tds is deducted it is compulsory even if not within tax bracket

It's mandatory only if the gross total income exceeds maximum amount not chargeable to tax i.e. 2.5 lakhs irrespective of TDS has been made or not. if the GTI of an assessee below the tax bracket and TDS also has been deducted, then it's up to the assessee to file ITR to claim refund or to forego the refund by not filing

sabyasachi mukherjee

Profession Business

28207 Points Posted on 12 December 2020

Sometimes filing of return brcomes mandatory in the following cases:
1. Income exceeds Gross Total income.
2. Some amount is credited which is not in the nature of ordinary circumstances
3. tds deducted .
4. In case you want to avail loan it return acknowledgement copies are mandatory.