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ITR Filling
My age is 72 years. In FY 2019-2020 after deduction of 80 TTB & standard deduction my Net Income will be less than 300,000. Is it required ITR Filling.
Replies (3)
if total income before chapter Vi A deduction is above exemption limit then return filing is mandatory...
No need to file income tax return as Gross Total income (before chapter VI A deductions) is below the exemption limit...
Here in the present case person is senior citizen there is no need to file income tax return
Here in the present case person is senior citizen there is no need to file income tax return
if 80ttb deduction is excluded his total income will exceed 300000 so he's required file ITR
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