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Q.

Who is suppose to file income tax return

Tags: income tax return
03 Mar '07 01:00 pm
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Answers (9)

1.

Whose income is above the LIMIT (Above1.1lac/annum) can file for it
Answered by sreesa phani, 03 Mar '07 01:02 pm

 
  
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2.

ANYONE WHO HAS A PAN CARD HAS TO FILE IT RETURN.
Answered by Ramesh Joshi, 14 Jun '07 03:21 pm

 
  
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3.

To make the money white, filing of return is compulsory
Answered by Bibhuti Bhusan Das, 07 Jun '07 02:28 pm

 
  
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4.

who is required to pay incoime tax
Answered by t cc, 03 Mar '07 02:08 pm

 
  
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5.

who hav the salary more than the limit decided
Answered by hitanshu kaushal, 03 Mar '07 01:06 pm

 
  
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6.

You need to file returns if

Your taxable income in a given financial year exceeds the maximum exemption limit. (The amount is Rs 1.35 lakh for females below 65 years of age and Rs 1.85 lakhs for any individual of age 65 years and above and Rs 100000 for other individuals).

You run a partnership firm (in which case, the maximum exemption limit is Rs NIL).

You run a co-operative society, company or local authority (again, in which case, the maximum exemption limit is Rs NIL).

You have paid some tax (by way of TDS or advance tax) during the course of the year, and then find that you have made enough investments by the end of the year to either reduce your tax liability or make it nil. In this case, you need to file returns to claim a refund. However, its up to you whether you want a refund or not; it will not be a statutory offence if you do not claim a refund.

You have suffered a business, professional, speculative business or capital loss . However, if you dont file ...more
Answered by KVSubbaRao, 10 Sep '07 11:16 am

 
  
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7.

Men - 110000.00 (below 65 years)
Women - 145000 (below 65 years)
195000 for senior citizen
Simpletax is an online facility wherin you can file your IT Returns individually or through tax consultant who have already registered to us. The system will ask you simple questions which you yourself can answer without knowing the complications of the tax laws. After you have gone through all the applicable questions and answered then the system automatically prepares the annual Income Tax return for you. After this if you want to file in your returns personally then you can take a print out and submit the return along with supportings yourself else you can go for the pick up service offered by us wherein we shall take the return to your place , get it signed by you, collect the supportings and submit it to the IT department. Finally if we submit the same we shall also send you the acknowledgement of submission which we receive from the IT department.
For more information please ,
Logon w ...more
Answered by arun more, 14 Jun '07 11:24 am

 
  
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8.

Any person who has income arising from
Profession/Business/Ownership of Property is supposed to file IT returns
Answered by Sumesh Nair, 03 Mar '07 04:24 pm

 
  
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9.

Everybody has to file his income tax return irrespective of any income size.
Answered by P Ravi Krishnan, 03 Mar '07 01:07 pm

 
  
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