INCOME BELLOW 500000 UNDER THE HEAD SALARY

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 June 2011 Dear Sir/Experts/friends

If income under the head salary for the as a.y. 11-12 i.e for f.y 10-11 is less than 500000 than in this case return shall b required to file?

Do we need to see gross income or net income?

CA MANOJ GUPTA

CA MANOJ GUPTA (Expert)
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08 June 2011 NOTHING PRECISE COULD BE SAID TILL THE GOVERNMENT COMES OUT WITH APPROPRIATE NOTIFICATION
WAIT FOR THE NOTIFICATION TO BE ISSUED
CA MANOJ GUPTA
JODHPUR
09828510543

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Praveen Sharma

Praveen Sharma (Expert)
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08 June 2011 Notification is yet to be published.

may be It will be the income under head salary only.

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Querist : Anonymous

Querist : Anonymous (Querist)

08 June 2011 Firstly many many thanks for guiding me.

Then at present what i do whether to file return or i should wait upto last date for filing the return???

And if i need to take a loan than form 16 will be treated as return??

whether bank will accept form 16 as retun???

Plase advise me.....

Praveen Sharma

Praveen Sharma (Expert)
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09 June 2011 Better is to file return.

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