Paper returns can only be filed by those who are above 80 years of age OR by an individual or HUF whose income does not exceed Rs 5,00,000 and who has not claimed any refund in the return of income. Under section 271F, the assessing officer may levy a penalty of Rs 5,000 when you have not filed your return.
Let’s understand whether you are required to file an Income Tax Return in India for FY 2017-18 Mandatory Filing – In any of the following situations (as per the Income Tax Act) it is mandatory for you to file an Income Tax Return in India: Q. Please note that for an NRI, income earned or accrued in India is taxable in India. In any of the following cases the Income Tax Department has made it mandatory to e-file your Return.
NRI or not, any individual whose income exceeds Rs.2,50,000 (for FY 2016-17) is required to file an income tax return in India. A significantly large number of returns are e-filed and gradually the income tax department is hoping to bring all returns online.
I hope you enjoy your stay here Because of all the spam we have been getting new members will have to be approved now for a while, If u know someone that is signing up let us know so we can get them done faster ----------------------------------------------------------------------- I've had software installed that will alert me when someone that is a member here signs on with a new user name.
This is being done to help protect our members from being hurt by people pretending they are someone they are not.
I am a housewife and work par-time as an Insurance Consultant but I am planning to take this as a serious career beacuse the earning potential is so splendid.
Bajaj Allianz Life Insurance has created an environment where the Insurance Consultants feel like family, where there is a sense of belonging and commitment.
I have been with Bajaj Allianz Life Insurance for the last 3 years.
In this short span I have already visited Malaysia, Uk, Switzerland, Australia and Bangkok.
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I just wanted everyone to know that the chatroom is not private.