Return filing
This query is : Open
25 June 2016
Is it mandatory to file return of income if TDS under section 194C is deducted? But the total income of the assessee does not exceed exemption limit for the AY 2014-15
25 June 2016
Yes where total income before Chapter VIA deductions not exceeded basic exemption limit return filing not mandatory
26 June 2016
As per the Income Tax Act, it is mandatory for you to file an Income Tax Return in India if :
Your gross total income (before allowing any deductions under section 80C to 80U) exceeds Rs.2,00,000 in the financial year that begins on 1st April 2013 and ends on 31st March 2014.
or
if you want to claim refund of TDS.
In your case Gross income is not exceed from exemption limit therefore no need to file ITR but as per personal advice Assesse should always file ITR because it will help during the time of loan.
Regards
CA Ankit Sachdeva
ACA, B.COM
For more Detail send mail to : ankit.k.sachdeva@gmail.com
Your gross total income (before allowing any deductions under section 80C to 80U) exceeds Rs.2,00,000 in the financial year that begins on 1st April 2013 and ends on 31st March 2014.
or
if you want to claim refund of TDS.
In your case Gross income is not exceed from exemption limit therefore no need to file ITR but as per personal advice Assesse should always file ITR because it will help during the time of loan.
Regards
CA Ankit Sachdeva
ACA, B.COM
For more Detail send mail to : ankit.k.sachdeva@gmail.com
26 June 2016
can we claim TDS refund in case of section 194C
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