Harshit (Arbitrager) (215 Points)
28 February 2011Hi,
My Wife is taking some part time Classes for School students and her annual income is less tan 1,60,000. Is Filing IT Returns compulsory for her?
Thanking you for your Response.
Thanks & Regards,
Harshit
CA Shraddha Bankar
(CA)
(175 Points)
Replied 28 February 2011
Filing IT return is not complusory for her. But it recommended to file the return as it will help if in future some loan is to be taken.
Yogi Saraf
(Audits & Taxation)
(86 Points)
Replied 28 February 2011
It is not necessary but it is desirable to file the return of income even if it is below the exemption limit.
APOORV SAXENA
(Chartered Accountant)
(794 Points)
Replied 28 February 2011
its not compulsary.....and if you file the return...the assessing officer wont accept the return.
Any ITR in which income is below the exemption limit is not accepted by any ward !!
Durgesh Joglekar
(Mcom)
(11558 Points)
Replied 28 February 2011
Hello
yes it is not compusory to file return when income even if it is below the exemption limit.
but Apoorv it is not the case that assessing officer will not accept the Return.
we can file return even if our income is below exemption limit.......
APOORV SAXENA
(Chartered Accountant)
(794 Points)
Replied 01 March 2011
@ durgesh....i am from delhi and here AO's of all the wards dont accept any ITR in which income is below exemption limit. They say this nil return are useless for us !!
CA. Abhishek K. Pandey
(Manager (Advance))
(901 Points)
Replied 01 March 2011
@ Apoorv: No, AO can't deny. May be in Delhi, due to burden of ITRs, he is saying so !!
Durgesh Joglekar
(Mcom)
(11558 Points)
Replied 01 March 2011
Yes Apoorv..... Obovious we can file every return irrrespective of income...
and if in delhi.... AO's are not accepting then you can complaint for that otherwise go for e-filling....
but remember we can file return u/s 139(1)
sachin sharma
(article)
(122 Points)
Replied 01 March 2011
Hi harshit,
mr. apoorv is correct.
AO can deny to accept the return in which gross total income is below the slab as circular is also issued by the IT department in May 2010 regarding this.
Manmohan ACA, CS
(Chartered Accountant )
(14243 Points)
Replied 01 March 2011
it is not compusory to file return when income even if it is below the exemption limit, however she can file return
Srihari Manipatruni
(student)
(147 Points)
Replied 01 March 2011
since her annual income is below exemption limit no need to file IT return........
CA Shweta
(Manager)
(60 Points)
Replied 01 March 2011
It is beneficial 4 her to do so. i would like 2 know the details of the said circular...
nikhil
(CA)
(77 Points)
Replied 01 March 2011
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sachin sharma article [ Scorecard : 53]   |
Posted about 7 hours ago |
|
Hi harshit, mr. apoorv is correct. AO can deny to accept the return in which gross total income is below the slab as circular is also issued by the IT department in May 2010 regarding this. |
@ sachin: Can u please provide us with the circularregarding this as u have mentioned
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