Tax Return on Income 2.5 Lakh
Rahul Kondawar (13 Points)
01 March 2018
Is it compulsury to file income tax return if income is below 2.5 lakh?
8 Replies
Income Tax Wala: (Fin. Expert)
(Chartered Accountants)
(2015 Points)
Replied 01 March 2018
Although there is no need but for safer side and file reply if any kind of notice receive from IT Dept. it is recommended to file.
Sagar Devani
(Corporate and International Taxation)
(1174 Points)
Replied 01 March 2018
It is not mandatory as per the Income Tax Act, 1961. Though considering the advangates of filing return I feel one should file the return.
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 01 March 2018
No need. If Your net income below limit then no more requirements for filing ITR...
In case you have any TDS or Notice from ITD then You can File. Otherwise no need...
VINEETH.R
(FINANCIAL ACCOUNTANT)
(458 Points)
Replied 01 March 2018
There is no need to file the ITR if your slab is below to the tax slab..
Srinivas Pyata
(543 Points)
Replied 01 March 2018
if Gross Total income(before claiming Chapter VIA deduction and section 10(38)) is below 250000 then no need to file return.
Srinivas Pyata
(543 Points)
Replied 01 March 2018
if Gross Total income(before claiming Chapter VIA deduction and section 10(38)) is below 250000 then no need to file return.
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