I.T. Return eligibility

Question

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

Pankaj Batra · Accepted Answer

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.

I.T. Return eligibility

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