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IT Department query
FY 14-15 my friend has Taxable salary 724487.deductions 74015 .So total income is 650470.Tds deducted and paid by company is 56750.So my frnd doesn't hv any tax payable or refundable . So my friend didn't file ITR.Now IT dept makes query regarding why not filed ITR. Shall I say that there is no taxable income or what?
Replies (1)
You file the return in response to the notice. As there is no tax liability, there will not be much problem.
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