IT Return below 5 lacs
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 June 2011
Hi,
Is it now confirmed that people having income below 5 lacs need not file IT Return.
If there is no tax payable for people having income below 5 lacs or TDS deducted equals tax payable then is it fine with Form 16.
Is it now confirmed that people having income below 5 lacs need not file IT Return.
If there is no tax payable for people having income below 5 lacs or TDS deducted equals tax payable then is it fine with Form 16.
21 June 2011
This provision has not yet been notified.
21 June 2011
yes
CBDT is clarify that if TDS deducted equal to
tax payble then form 16 is assumed as ITR.
CBDT is clarify that if TDS deducted equal to
tax payble then form 16 is assumed as ITR.
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