I.T. Return eligibility

Case 1 --> If my taxable turnover is lower than taxable income, is it necessary to submit I.T.Returns, even though I am PAN Card holder

Case 2 --> If my taxable turnover is lower than taxable income, after investment in PPF, ELS, etc., is it necessary to submit I.T.Returns, even though I am PAN Card holder

asked Apr 10 '11 at 09:22 by Babu 1222


In case your income before deductions/exemptions (80-C, home/education loan, medical insurance etc) is less than taxable range, then IT return filing is not mandatory. Else, its required.

answered Apr 11 '11 at 13:15 by pankaj 5.2k320

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Asked: Apr 10 '11 at 09:22

Seen: 2,047 times

Last updated: Apr 11 '11 at 13:15