i facing practical problem which are bellow.. Mr x (a small business man) was file ROI for P/Y 2004-05,being encashment of TDS ( his gross total income is less than Max. amount not chargable to tax). Now Q arise, is it mendotery for Mr. X to file ROI for P/Y 2005-06, although his gross total income for the A/Y 2006-07 is less than Max. amount not chargable to tax.
2 Replies
Nicky
(Chartered Accountant)
(245 Points)
Replied 08 May 2010
Law has a course and it states that in order to claim excess Tax Paid return of income needs to be filed..
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