What is the minimum period for which a salaried person is to be employed during a finacial year in order to be required for filing the IT return in india?
From Feb 2005 through March 2006 I was out of India and didn't have any Indian income during this time. I started my job in India in April this year. Will I be required to file my IT returns for this (2006) year?
I'll appreciate if someone could clarify this. Thanks.
2006-06-30 00:30:18 · 3 answers · asked by sodhi 1 in Business & Finance ➔ Taxes ➔ India
If any one's Taxable income exceeds basic exemption limit then that person has to file I.T return In India .
In the said case during the Financial Year 2005-06 you are a non resident and having no income in India. Hence you are not liable to file I.T return.
As for as the period from April,2006 if your Gross Total Income is more than Rs.1,00,000 you have to file I.T return
2006-07-01 06:38:45 · answer #1 · answered by L.R NATHAN 1 · 0⤊ 0⤋
1 year
2006-06-30 00:34:16 · answer #2 · answered by varunchablani 2 · 0⤊ 0⤋
for the year Feb 2005 to Mach 2006 its complited, so u have to bother abut April 2006 to March 2007that means you have to plain for next March ending of 2007.
2006-06-30 00:38:24 · answer #3 · answered by Guru 3 · 0⤊ 0⤋