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Tution fees
A person has income from tution fees of Rs 100,000 in cash which has not been fully deposited in the bank. Can he file IT return for the same.
Replies (3)
Quick Summary
Income Tax Return is required to be filed by an individual if his gross total income earned during the financial year exceeds Rs. 2,50,000
So in your case if you are not having nay other source of income other than Rs. 1,00,000 then you are not compulsorily required to file your IT Return. However you can make the filing voluntarily.
Not required as income is less than basic exemption limit
But it's better to file although not mandatory to you.
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