If assessee having Only Agriculture Income of Rs. 10 Lakhs, Should he file Return?
Menu
Agreculture income
Replies (4)
As per section 139(1) of Income Tax Act, It is not compulsory to file return if the only income under assessment is an exempt income i.e Agriculture Income {u/s 10(1)}.
If you not file return, any sum of money deposited in to the bank, it should deduct tds, bank report income tax to AIR report, that time you file the return( notice send non-filing return of income)
So It is Advisable to File Return?
Which ITR should i File? 4 or 4S or any oher?
Yes, filling the return is safe and benefits of future plans. Filling form itr 2
Recent Threads
- Section 44AB is Gone — How Different is Tax
- Capital Gains from Cancelled Residential Project
- Import of goods data in IMS
- GSTr 9 24-25
- Change HSN
- TDS ISSUE ( DIFFERENT SECTION )
- Company strike off with loan waiver accounting iss
- Board resolution for authorization for GST
- Invoice related audit
- Gst input credit related
Related Threads
CAclubindia
