Return filing compulsory for non taxable income

1002 views 1 replies

Could anyone assist me?

 

For the FY 2011-12, I have not filed return(itr 2) till date. The Income is non taxable. So can i file it now. Will any penalty be charged. IF the income is not taxable, still is it necessary to file return every year by 31 March.

Replies (1)

In case if your Gross Income is below the exemption limit i.e before claiming any deuction u/s 80C you are not required to file income Tax return But if your income exceeds the exemption limit and after claiming the deduction it comes below the exemption limit you still required to file the income tax return because of gross income exceeds the exemption limit.

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details
Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details