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Querist : Anonymous

Querist : Anonymous (Querist)

13 December 2013 Can a return be filed of Rs200000 as salary income in which no tax is to be paid?
Can a return be filed , in which self assessment tax has been paid.The firm from which the salary was drawn had not deducted any TDS. Any complication?
Is there any ad hoc deduction of 20000 for salaried person?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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13 December 2013 Q- Can a return be filed of Rs200000 as salary income in which no tax is to be paid?
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Reply - Yes

Q Can a return be filed , in which self assessment tax has been paid.The firm from which the salary was drawn had not deducted any TDS. Any complication?

Reply- Filing return is better. It will minimise the complications in case arise
at any point of time.

Q.- Is there any ad hoc deduction of 20000 for salaried person?

Reply- No for AY 2013-14.
Reply- Yes from AY 2014-15 ( For the assessee's having Total Income less than Rs 500000/- there is a tax rebate provision U/s 87A.
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