Rahul (.) (303 Points)
04 July 2011Dear Friends,
My brother is getting salary income below five lakhs . Other than that what he is getting is very few interest on savings bank account ( less than 2000 for the whole year) . But he has not furnished the savings bank interest details to the employer.
Is he required to file return of income for the curent year ? Kindly explain.
Thanks in advance
CA Dron Bharadwaj
(CA in Practice)
(250 Points)
Replied 04 July 2011
CA Hemant Kumar
(CA, LLB (p), B.Com)
(204 Points)
Replied 04 July 2011
yes surely he will be required to furnish the return
firoz alam
(CA Final)
(29 Points)
Replied 05 July 2011
Dear Friends,
my uncle getting salary less than 150000 lakhs and also getting Commission on sales Rs. 200000 . which ITR Form will be File.
Dipjyoti Majumdar
(CA in service & CS. dipmaj@ rediffmail.com )
(3468 Points)
Replied 05 July 2011
My experience is that the Department staff would not accept the return if you wish to file physically. You can file online.
sekhar
(student)
(34 Points)
Replied 09 July 2011
| Originally posted by : firoz alam | ||
 |
Dear Friends, my uncle getting salary less than 150000 lakhs and also getting Commission on sales200000 . which ITR Form will be File. |
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Dear Friend,
IF COMMISSION INCOME IS PART OF THE SALARY INCOME ITR 1 IS TO BE FILED OTHER WISE ITR4 WILL BE FILED.
Sandeep Kumar
(Software)
(34 Points)
Replied 09 July 2011
You can read article https://economictimes.indiatimes.com/personal-finance/tax-savers/tax-news/ET-Weath-Income-up-to-Rs-5-lakh-Exemption-from-filing-I-T-returs-No-one-can-avail-of-it/articleshow/9074892.cms to get more clarity on ths topic. It may answer you most of the queries you have.
Bhargav
(Practising CA)
(567 Points)
Replied 11 July 2011
| Originally posted by : Dipjyoti Majumdar | ||
|
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My experience is that the Department staff would not accept the return if you wish to file physically. You can file online. |
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TRUE... YOU SHOULD FILE RETUTN AND ONLINE WILL HELP IT BETTER
CAclubindia
