Divya Priya (student) 25 April 2019
FY 14-15 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?
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prasad Nilugal (Accountant Tax Consultant ) 25 April 2019
As per section 139 of the Income tax act 1961 , if total income during the previous exceeds the maximum amount which is not chargeable Income tax , then you have to file return .