Is it Mandatory for all PAN card holders to file their income tax returns from A.Y. 2013-14 onwards??
4 Replies
Khushbu Jaiswal
(CA Finalist)
(528 Points)
Replied 03 April 2013
No it is not mandatory for all PAN holders but for followings
1.Company (i.e.Body Corporate)
2.Person whose accounts are liable to TAX Audit U/S 44AB
3.Any person whose income has exceeded the basic exemption limit.
4.Any person who is claiming some special deductions
4.Any other persons as mentioned in the provisions.
Ganeshbabu K
(Audit and Tax Advisory)
(48564 Points)
Replied 03 April 2013
if you have only salary income you dont need to file incometax return if ur taxable income not exceed 5lakhs
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