Exemption of filing of it return
This query is : Resolved
27 July 2011
Could you please explain in detail whether the exemption of filing of IT return if the income is below Rs.5 Lacs is applicable for Professionals like Doctor.
Kindly revert.
Kindly revert.
27 July 2011
it is only for salaried employees having Interest income upto 10,000/-..that too certain conditions are mentioned where benefir is not available
27 July 2011
No Exemption not available. For salaried taxpayers only.
The Central Board of Direct Taxes has notified the scheme exempting salaried
taxpayers with total income up to Rs.5 lakh from filing income tax return for assessment year 2011-12, which will be due on July 31, 2011.
For notification see below link---
http://incometaxindia.gov.in/archive/PressRelease_ExemptEfilingSalaryPerson_06232011.pdf
The Central Board of Direct Taxes has notified the scheme exempting salaried
taxpayers with total income up to Rs.5 lakh from filing income tax return for assessment year 2011-12, which will be due on July 31, 2011.
For notification see below link---
http://incometaxindia.gov.in/archive/PressRelease_ExemptEfilingSalaryPerson_06232011.pdf
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