Chartered Accountant
523 Points
Joined August 2009
Dear my learned friends
Thank you for ur response, i thought only my blood boiled at seeing a chartered accountant being insulted like this, i am happy to know that there are so many here who do not wish to take insult.
In fact i made him take the return that day when i insisted that the return should be files and he had no other go but to oblige.
what made me very angry is the way he presented himself to the situation, A person could not have become a Chartered accoutant without knowing the basic exemption limit.
let me draw your attention to sec 14 (2) OF THE WEALTH TAX ACT here, which says
" A Return ( other than a return furnished in response to a notice under sec 17) which shows the net wealth below the maximum amount which is not chargable to tax shall be deemed never to have been furnished"
As far as my knowledge goes, such a provision is not there in the Income Tax Act, you may correct if i am wrong.
Under the circumstance an official cannot refuse to accept a return just because there the returned income is less than the amount that is chargable to tax.
If that be the case it should not be accepted in e- filing also.
Regards
karthi