17 March 2011
GOOD MORNING TO ALL EXPERT, PLZ TELL ME IN BUDJET THE F.M. SAYS THAT, EVERY SALARIED CLASS PERSON WHO HAVE NO OTHER INCOME ACCEPT SALARY. THEN THEY WILLNOT FILL THEIR INCOME TAX RETURN. SIR CAN U TEL ME THE MEANS OF IT.
17 March 2011
The proposal is if income tax is correctly deducted from salary and the employee have no other income then return of income need not be filed. However this is only a proposal and will come into effect only when the finance bill is approved by both houses of the parliament and the assent of president of India is obtained thereon.
CAclubindia
