17 April 2010
If the gross total income exceeds the basic exemption limit, even though there is NIL tax liability, file the return in time because the 4th proviso to section 139(1) stipulates so.
17 April 2010
Yes that is true and According to sec 139(1A),any employee who filed a return of income to his employer shall be deemed to have furnished a return of income u/s 139(1) in accordance with a scheme prescribed by the Board.In this case the employer has the responsibility to file return before the due date.
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