if the income of the person(male individual,not seniar citizen) is less than the income tax limits (i.e) <200000 then is he liable for tax? is he responsible for filing income tax return? please answer me
raja bethapudi (guntur) (67 Points)
14 September 2012if the income of the person(male individual,not seniar citizen) is less than the income tax limits (i.e) <200000 then is he liable for tax? is he responsible for filing income tax return? please answer me
CA Abhilasha Bhagat
(ACA)
(466 Points)
Replied 14 September 2012
If the Gross Total Income of an assessee is less than threshold limit then the assessee is neither liable to tax nor for filing of return.
CA D R P
(Chartered Accountant)
(313 Points)
Replied 14 September 2012
I AGREE WITH CA ABHILASHA MAM, BUT YOU CAN FILE NIL RETURN AS WELL....
Praveen Kumar Agarwal
(Accountant)
(180 Points)
Replied 15 September 2012
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