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Income tax return itr1 filing

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NAMRATA

STUDENT

93 Points Posted on 25 December 2021

Dear Sir,

kindly advise my salary income 275000 approx

income from mf,interest,diividend is 250000 appox.

capital loss is approx 60000

tds deducted is around 5000

my mediclaim , elss 72000

is it ok if i don't income tax return and forego 5000/- tds

or is it mandatory to file income tax return

Replies (3)

Quick Summary

This discussion addresses the mandatory requirement to file an Income Tax Return (ITR1) even when your total income exceeds the basic exemption limit. The user, with salary income, income from mutual funds, interest, dividends, and capital losses, is questioning whether they can forgo the deducted TDS. The consensus is that filing an income tax return is compulsory in such scenarios.