Whether i need to file return??

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 August 2014 sir,

I don't have income over the specified 200000 rupees but I have investment in stock markets (my only source of income that to only Rs.77000)

Am I reqd to furnish return??

Nikhil Kaushik

Nikhil Kaushik (Expert)
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23 August 2014 no. you are not required to furnish the return

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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23 August 2014 No it is not mandatory for you to file your Income Tax return since your income is below the exemption limit but its advisable that you file your Income Tax Return and maintain your Income Tax File properly.

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