Suppose if i have TI less than 5L and SB interest also less than 10K but i have salary income from 2 employers durinh 10-11. Is return needed to be filed.
My TI is less than 5L but i have not disclosed SB interest less than 10K to my employer. So return to be filed?
regards
when all data is provided and appropriate tax is deducted by employer, then only the assessee is exempted to file the return, in case of any additional income on which tax is to be paid, assessee has to file ITR
The new press release clearly says that if salary is received from more than one employer during the year then return has to be filed.
Similarly if you have not disclosed your SB interest to your employer and the employer has not considered thr SB interest while calculating your tax liability then return must be filed by the employee.
Agreed With sir Krishna kumar ji
notification clearly says that given itr exemption will not be applicable if
1. service with two or more employer in the same assessment year
2. in case if income from interest from saving a/c has not reported to his employer
then return must be filed. no exemption
thanks
| Originally posted by : CA KRISHNA KUMAR DARUKA | ||
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The new press release clearly says that if salary is received from more than one employer during the year then return has to be filed. Similarly if you have not disclosed your SB interest to your employer and the employer has not considered thr SB interest while calculating your tax liability then return must be filed by the employee. |
 |
| Originally posted by : CA KRISHNA KUMAR DARUKA | ||
|
|
The new press release clearly says that if salary is received from more than one employer during the year then return has to be filed. Similarly if you have not disclosed your SB interest to your employer and the employer has not considered thr SB interest while calculating your tax liability then return must be filed by the employee. |
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Thanks for experts comments
need to file return
yes you are required to file return...
If your only is only from SALARY and below 5 lacs only then you have to file it....
In your case there is income from OTHER SOURCE ...
therefore manadatory to file return...
| Originally posted by : CA KRISHNA KUMAR DARUKA | ||
|
|
The new press release clearly says that if salary is received from more than one employer during the year then return has to be filed. Similarly if you have not disclosed your SB interest to your employer and the employer has not considered thr SB interest while calculating your tax liability then return must be filed by the employee. |
|
| Originally posted by : CA KRISHNA KUMAR DARUKA | ||
|
|
The new press release clearly says that if salary is received from more than one employer during the year then return has to be filed. Similarly if you have not disclosed your SB interest to your employer and the employer has not considered thr SB interest while calculating your tax liability then return must be filed by the employee. |
|
thanks to all
| Originally posted by : Dipjyoti Majumdar, CA, CS | ||
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Suppose if i have TI less than 5L and SB interest also less than 10K but i have salary income from 2 employers durinh 10-11. Is return needed to be filed.
if any person getting pension from govt or any state bodies & having other interest income but his total taxable income is less than 5L WHAT STATUS PLEASE CLARIFY & HOW GET BENEFIT FOR NON FILL RETURN
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