Filing of income tax return

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imran dafedar (Querist)
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21 March 2016 RESPECTED SIR,
An assesse having sales / gross receipts of Rs 9,25,000/- for FY 2015-16, is he require to file income tax return for AY-2016-17. if no , please note supporting provision.
Thanking you sir....

Ankur Singhal

Ankur Singhal (Expert)
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21 March 2016 DEAR
ITR FOR THE AY 2016-17 CAN NOT BE FILED NOW.
ALSO THE ITR FORMS FOR THE SAME AY ARE NOT NOTIFIED TILL DATE.

DEAR, SINCE ASSESSEE HAS GROSS SALES Rs.925000/- HE HAS THE OPTION TO FILE THE ITR. ITS OPTIONAL FOR HIM.
RETURN WOULD BE FILED U/S 44AD I..E PRESUMPTIVE TAXATION IF HE WANTS TO FILE ITR.
IF HE IS ELIGIBLE U/S 44AD.