17 February 2016
Dear Sir, An assesse had received notice from IT Dept. for making compliance for A.Y. 2013-14. In that year his Gross Total Income is Rs. 3.00 Lacs and deduction u/s. 80C is Rs. 1.50 Lacs. So his Total Income is Rs. 1.50 Lacs. In compliance sheet they ask for reason of non filing and there are options like 1) No Taxable Income, 2) Others. Can he select the option No taxable Income in his case or not.
Please suggest as early as possible. your valuable reply would be helpful.
17 February 2016
he was supposed to file the return..kindly read the provisions for application of 139(1). Income before providing for Chapter VIA deductions is to be considered.
CAclubindia
