can article file his return of income?????
This query is : Resolved
07 April 2012
CAN ARTICLE FILE HIS RETURN OF INCOME?????
07 April 2012
Hi
Income Tax Department EXEMPTED follwing SALARIED Categeory of Employees for Filing Income Tax Returns:
Salaried Employee whose Total Income for the Assessment Year 2011-2012 (Financial Year 2010-2011) is less than Rs. 5 Lakhs from the SALARIED Income & their disclosed Interest Income form Savings Bank Interest (Savings Bank Interest up to Rs. 10,000) only, if the Employer has issued Valid Form 16 (Based on Valid PAN) after TDS deduction from the said incomes by employer.
If you as an Article received more than 5 lakh then you will be eligible to file ITR otherwise not.
Regards
Income Tax Department EXEMPTED follwing SALARIED Categeory of Employees for Filing Income Tax Returns:
Salaried Employee whose Total Income for the Assessment Year 2011-2012 (Financial Year 2010-2011) is less than Rs. 5 Lakhs from the SALARIED Income & their disclosed Interest Income form Savings Bank Interest (Savings Bank Interest up to Rs. 10,000) only, if the Employer has issued Valid Form 16 (Based on Valid PAN) after TDS deduction from the said incomes by employer.
If you as an Article received more than 5 lakh then you will be eligible to file ITR otherwise not.
Regards
07 April 2012
if u want to file your return of income than u able to file it.
but know how much income you earn.
because your stipend income is exempted income u/s 10. if u get some other income like interest income or any other which is more than basic exemption limit than u file return regularly.
but u still have no other income but you want to file return for your future prospective than you can file return. for this you take PAN. than file your income tax return.
but know how much income you earn.
because your stipend income is exempted income u/s 10. if u get some other income like interest income or any other which is more than basic exemption limit than u file return regularly.
but u still have no other income but you want to file return for your future prospective than you can file return. for this you take PAN. than file your income tax return.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
