23 February 2015
I am A Salaried employee & my salary is below taxable limit. I have filed ITR 1 for A.Y. 2014-15. But I didnt send The signed Acknowledgement of ITR to CPC Banglore in 120 days. What shall I do now? Is it necessary to revise the return or will it be Ok if I let it go, as salaried employees are exempt from filing retirn upto A.Y. 2014-15??
24 February 2015
Dear Mr anonymous, Greetings, Good Evening Irrespective of the fact if your taxable income is less than the limit or more than it, If u have filed income tax return, you need to send an acknowledgement copy to Income tax department. It is an indication that the return has been filed with ur permission and income tax updates the record. If there is delay and non ITR-V case, the income tax sends regular alert to the email id as well mobile no registered with income tax site, about non receipt of ITR-V Its not too late you may go ahead and send the ITR-V acknowledgement, "SIGNED" You need not file a revised return
CAclubindia
