applicable for income tax return

Dear sir, my total earnings (after savings detections) were less then 1.60 i dont have any tax detuctions in this financial year(2010-11).Is there any necessary for me to file income tax return in online.Please, specify me the necessity of this tax return & if i am applicable,what is the last date for this submission. Thanking you. Naresh.k

asked Mar 16 '11 at 16:10 by joy 1111

Hello, yes it is neccessary for filing the return u/s 139(1), if income(without claiming deduction under section 10A,10B,10BA,80C to 80U) exceed the amount of exemted slab. Therefor are neccesary to file the imcome tax return. and the last date of filing the return is 31st July, 2011

answered Mar 18 '11 at 06:46 by sagar 4012

Thanks Sagar for correction
(Mar 18 '11 at 06:48) Pankaj Batra

As your total earning is below taxable range, you may skip filing income tax return this year.

answered Mar 17 '11 at 15:49 by Pankaj Batra 5.2k320


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Asked: Mar 16 '11 at 16:10

Seen: 2,017 times

Last updated: Mar 18 '11 at 06:48