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Can I file return of income even if my income is below taxable limits?

Open uri20170510 32134 7ezpi6?1494421819 jaggu asked over 2 years ago

Hi May I know, Can I file return of income even if my income is below taxable limits?

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7 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered over 2 years ago

The Income tax return is compulsory if there is any Tax liability. But if any assessee is having any Income which is below the exemption limit then he can choose to file e-return based on his category of Income.

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Open uri20170510 32134 10t0012?1494421757 priyanka answered over 2 years ago

yes, if your income is less than the taxable income slag nd even if you have paid no tax you may or may file return. but once you have started filing reurns for your paid taxes, you shall contimue to file returns. Even if later asessee has low income, he or she has to file return

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 CA Sandeep Bohra answered over 2 years ago

YES. You can file the income tax return even if your income for the assessment year is below the taxable limit.

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Open uri20170510 32134 tcchcu?1494421832 Jitendra Suthar answered over 2 years ago

Hiiii friend.... The Income tax return is compulsory if there is any Tax liability. But if any assessee is having any Income which is below the exemption limit then he can choose to file e-return based on his category of Income. There is no restriction on filing Nil or Below limit return.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Dimple answered over 2 years ago

yes return of income may be filed even if the income of assessee is below the taxable limit. There is no restriction or no clause of filing return only when u r taxed

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 jitendra etikala answered over 2 years ago

Dear Jaggu, Yes, you can file the returns voluntarily, there is no problem.

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Open uri20170510 32134 1uwcnoc?1494421631 Shubhangi Jain answered over 2 years ago

Yes, you can file return of income voluntarily even if your income is less than the maximum exemption limit.

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