An Individual is required to file her Income Tax Return in the following cases:
1; If salary is more than Rs 2.5 Lakhs
2:In case of a self employed person such as tuition teachers, auto rickshaw drivers etc: If total Income/profit in an year exceeds Rs 2.5 Lakhs
3: In case of business-man, If total profit exceeds Rs 2.5 Lakhs.
It is compulsory to file Income Tax Return (ITR Filing) irrespective of profits and revenue in case of any person other than an Individual i.e a Private Limited Company.a One Person (OPC) Company, a Partnership Firm etc.
An Individual can file her Income Tax Return Voluntarily to avail the many benefits available only to the Income Tax Return Filers in case her taxable Income is less than Rs 2.5 Lakhs.
The Last Date for Filing Income Tax Return has been now extended for Financial year 2018-19
The Last Date for Filing Income Tax Return has been now extended for Financial year 2019-20
The Last Date for Filing Income Tax Return has been now extended for Financial year 2019-20
B K Goyal & Co Chartered Accountants (CA in Jaipur) - All Rights Reserved.
B K Goyal & Co Chartered Accountant - CA in Jaipur
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