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Income tax Return Filing-Reg

Others 397 views 7 replies
Whether the assessee who has taxable income Rs.3 lakhs per annum need not pay tax if Rs.2500/ claiming rebate u/s 87A but has he to file income tax return for Assessment Year 2020-21.
Replies (7)
Yes , If basic examption limit (250000/-) exceeds , section 139 of the income tax act , in your case yes .

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Yes... ITR filing is mandatory is income exceeding BEL.
Your taxable income above basic exemption ,so file ITR.
 being a person other than a company or a firm, if his total income or the total income of any other person in respect of which he is assessable under this Act during the previous year exceeded the maximum amount which is not chargeable to income-tax,




Provided also that every person, being an individual or a Hindu undivided family or an association of persons or a body of individuals, whether incorporated or not, or an artificial juridical person, if his total income or the total income of any other person in respect of which he is assessable under this Act during the previous year, without giving effect to the provisions of clause [38] of section 10 or section 10A or section 10B or section 10BA or Chapter VI-A exceeded the maximum amount which is not chargeable to income-tax, shall, on or before the due date, furnish a return of his income or the income of such other person during the previous year, in the prescribed form and verified in the prescribed manner and setting forth such other particulars as may be prescribed.
In case total income before deductions under 80C to 80U is in excess of basic exemption limit 250000/- then filing return u/s 139 is mandatory.
I endorse Mr. kapadia's view


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