ITR filing requirement



I have earned stipend income of Rs 240,000 during PY 2018-19. Also, might have some bank interest of around 11,000.
Am I supposed to file return?
 
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KVO Merau Kutchh

Depends upon nature of stipend earned, but in general.... YES.

 
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Where are the provisions about the stipend income? It is CA stipend though

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KVO Merau Kutchh

Any stipend received by an Article Clerk from a Chartered Accountant is exempt u/s. 10(16) of IT act; so report it in 'Schedule EI'


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So no taxability, but have to file return. Right?
 
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KVO Merau Kutchh

Its always advisable to file ITR whenever aggregate income exceed BEL, be it taxable or not. Because of digital revolution, non-filers notices are abundant. 


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"Do the Right Thing...!!!"

Yes... I agreed to Mr Dhirajlal Rambhia Sir...


if income exceeding BEL then filing ITR is required if tax liability or not...

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