Filling of anual itr

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

04 March 2018 Respected Experts,
Please guide me on the following in connection with filling of ITR.
I am a retired employee of BSNL and having 325000/- annual income from my pension & all sources, also I am a senior citizen. So please guide me whether filling of ITR is compulsory for me.
Thanks.
R.n.Shah

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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04 March 2018 Your tax liability will be NIL, so it is not compulsory to file tax Return since your Taxable income from all sources is less than Taxable limit after taking Rebate of Rs. 2,500 under Section 87A.

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Expert : Anonymous

Expert : Anonymous (Expert)

04 March 2018 You tax liability will be NIL but as per section 139-1 if your gross total income exceeds the basic exemption limit ie without giving effect to deduction under chapter VI A then you have to file the return mandatorily even though your tax liability is nil. So if your total income is Rs 325000/- without giving effect to any deduction like LIC etc then you need not file return.

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