Easy Office
LCI Learning

Itr compulsory

This query is : Resolved 
Profile Image

Profile Image

(Querist)
05 July 2013 Suppose Mr.x has taxable salary( no other income) & his TDS has been deducted but he fails to file ITR, whether any problem will arise as he is not filing ITR.? whether ITO leavy penalty of Rs.5000/- on him
Profile Image

Ganeshbabu K

Profile Image

Ganeshbabu K (Expert)
05 July 2013 It is not mandatory to file ITR if taxable income from salary is less than 5 lakhs
Profile Image

CS RAJESH C.CHOUDHARY

Profile Image

CS RAJESH C.CHOUDHARY (Expert)
06 July 2013 There is no need to file return.
But if he wanted to take Loan or wanted TDS Refund then he must return
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links