Income Tax Act formulated by Indian Government states that those whose total income of the preceding year crosses the threshold limit which is not chargeable to tax, have to mandatorily file returns on income tax. Filling for income tax returns is simple if you have only salary income, for another source of income such as […]
Tag: income filing return procedure
As per Sec 139 of the Income tax act, it is mandatory to file an Income tax return in India
If your gross total income (before allowing any deductions under section 80C to 80U) exceeding INR 250000. This limit is INR 300000 for senior citizens (Who are more than 60 years but less than 80 years old) and INR 500000 for super senior citizens (Who are more than 80 years old). A company or firm […]