I applied for a Pan Card and obtained the same. I do not salary of above Rs.50000/- per annum . Do I have to still file a return as I applied and got a pan card.
You had said that for delayed filing you have pay a penalty of 1% of the net tax after the advance tax and TDS. I am a salaried person and all my tax is deducted by my company. So the next tax payable by me is nill. Hence do I need to pay any penalty if I am unable to file the return till July 31.
new budget announced increase in slab for taxable income to 1.5 or 1.8 lakhs for sr citizeans.what should be the age to be considered for age 60 plus or 65plus.
I joined a Govt. of india undertaking in Augest 2004. As per the statement given to me by my office my net taxable income was 72,912. And it was shown that i do not have to pay tax. When and how should i fill the tax return and what is the last date and whihc is the form.
Owning a cell phone has been removed from the one by six criteria. This should be mentioned in the article. Also the income limits for compulsory filing of return has been changed.
In the budget this year the Finance minister has modified the one by six rule for filing income tax. Own a cellular phone - is no longer one of the reasons for filing tax returns instead a person who pays electricity bill of over Rs.50,000 p.a. has to file income tax.
