There are certain scenarios where ITR filing is mandatory for individuals even if their gross total income is below the basic exemption limit. You have to file a return if: You have spent more than ₹2 lakh for an international trip. Your bank account's cash deposits and withdrawals exceed...
Q. Whether hiring CA for filing ITR is mandatory? No, It is not mandatory to hire CA for filing Income Tax Return. Procedure to file ITR requires financial & legal knowledge. So it is advisable to hire a professional for the Job. E-startupindia have experience and better understanding plu...
However, the losses or accumulated depreciation cannot be carried forward, and in case there is any error the belated return cannot be revised. Penalty For Not Filing The ITR Filing of ITR is a mandatory requirement under section 139 of the Income Tax Act,1961 and non-filing of the same ...
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Income Tax Return filing is mandatory for Taxpayers whose income exceeds the prescribed income limit. ITR Filing process is regulated under the Income Tax Act 1961.
1)E filing of income tax return is mandatory – if your total Income is Rs 5 lakhs or more. Digital signature is not required to file e-returns.Read this post to see when efiling is mandatory 2 ) Choose the right Income Tax form– If you are salaried person and have no Income from...
Its been a few years i have been filing ITR through My ITR online and the experience has always been just the best. I am not jumping on to this conclusion but only after submitting different type of ITR during these years i can confidently say i am completely satisfied by the advice give...
If you have not yet filed your ITR, you can still do it.Vivina Vishwanathan
Mandatory requirement for applying bank loan :if your are planning to gift you a car or getting you a new flat on loan, then the best proof of income is ITR for processing a bank loan easily. The preliminary requirement that a banker shall ask you is your ITRs of previous 2 to 3 year...
Is it mandatory to everify my original itr before filing revised itr or i can file revised itr without everification - Income Tax