Penalty issue

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 April 2015 FINANCIAL YEAR 2013-2014 MY CLIENT GROSS INCOME IS 250000/- AND DEDUCTION U/S 80C 50250 = NET TEXBLE INCOME IS = 199750 HIS NOT FILE INCOME TAX RETURN HE IS NEED TO FILE HIS INCOME TAX RETURN TODAY SO HIS LIABLE TO PENLY RS 5000/- ?? PLEASE GUIED ME

FROM VIRAL UMRANIYA
(M) 9033586597

arihant kumar jain

arihant kumar jain (Expert)
Follow

28 April 2015 No Need to File Income tax Return If Your Gross Total Income is below the Basic Exemption limit.In Your Case It is Below the GTI. So Dont Worry

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

29 April 2015 SO I HAVE FILE INCOME TAX RETURN FOR A.Y. 2014-15TODAY ??

Upgrade to CAclubindia Pro. Subscribe Now!

arihant kumar jain

arihant kumar jain (Expert)
Follow

30 April 2015 You are required to file ITR when your GTI exceeds The Basic Exemption Limit.