Taxation ipcc
This query is : Resolved
04 October 2012
i am ipcc student.what is the cretria needed to file return of income for an individual.and how is return of income different from normal tax.i do not hav good clarity in this topic.thanks in advn.
05 October 2012
Any individual having total income above maximum exemption limit will have to file return of income. For other individuals it is optional.
Message likes :
1 times
05 October 2012
Exemption limit means limit fixed by CBDT.....like 180000 or 190000 etc.
If any individual's income is above these limits then firstly he will have to pay tax and then file a return of income.
If any individual's income is above these limits then firstly he will have to pay tax and then file a return of income.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
Trending Online Classes
CAclubindia
