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295 views • Question added Jun 11, 2012 • Students • By naga rakesh , Guntur


is filling of it return is mandatory for people who has income less than basic exemption limit from speculation activities?

4 Answers

answered Jun 11, 2012 by CA Satuti Mahajan , batala

Not mandatory but the loss can only be carried forward if the return has been filed.


answered Jun 12, 2012 by CA. SURESH Kr. AGARWAL , Delhi

If the exemption limit has not crossed then there is no requirement for filling of Return.


answered Jun 12, 2012 by Siddharth Bumb

it is not necessary ti file IT return if total income of an assessee is less than basic exemption limit...


answered Jun 30, 2012 by Rambabu Senkarasetti , Guntur

No need if income less than basic exemption limit


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