whether to file return?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 June 2011
if a person has salary & income from house property, then will he have to file return for this A.Y. relevant to last year if salary is less than 5 lakhs. (ITR 2 Applicable before)
Is it gross income or net income that should be less than 5 lakhs? kindly clarify on theshold of 5 lakh. is it total or net income?
Thanks
Is it gross income or net income that should be less than 5 lakhs? kindly clarify on theshold of 5 lakh. is it total or net income?
Thanks
14 June 2011
dear rawat,
relief from not filing of ITRs whose income is below 5 lakh is purely for govt salaried employees. As you expressed you have some income from other sources/house property you must file ITRs in this case.
relief from not filing of ITRs whose income is below 5 lakh is purely for govt salaried employees. As you expressed you have some income from other sources/house property you must file ITRs in this case.
14 June 2011
ACTUALLY THE GOVT HAS NOT COME OUT SO FAR WITH THE RELATED NOTIFICATION
THE SCOPE OF THIS EXEMPTION IS NOT CLAER AS OF NOW
WAIT TILL THE GOVT COMES OUT WITH AS APPROPRIATE NOTIFICATION
AS OF NOW THERE IS NO SUCH THING THAT THIS RELIEF IS APPLOICABLE TO GOVT EMPLOYEES ONLY
CA MANOJ GUPTA
JODHPUR
09828510543
THE SCOPE OF THIS EXEMPTION IS NOT CLAER AS OF NOW
WAIT TILL THE GOVT COMES OUT WITH AS APPROPRIATE NOTIFICATION
AS OF NOW THERE IS NO SUCH THING THAT THIS RELIEF IS APPLOICABLE TO GOVT EMPLOYEES ONLY
CA MANOJ GUPTA
JODHPUR
09828510543
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