I HAVE CONSIDERABLE AMT OF INT ON SB FOR THE ABOVE PERIOD. KINDLY LET ME KNOW WHETHER I HAVE TO INCLUDE THE SAME IN INCOME FROM OTHER SOURCES FOR THE SAID FINANCIAL YEAR?
My company didn't send me form 16A for jan'11 to march'11. this year I got the same. but I think the time is over to file the e-return as I already have filed and received my deduced amount for december'10.( It was my first time salary. deduced amount is 6.5K for those three months. so should I file the ereturn for the same? will I be fined for not submitting it then? Will I get anything from it?
Re: Penalty for non filing return
by santosh on May 30, 2012 01:54 PM Permalink
If the income is above Maximum Exemption Limit then only penalty is chargeable @ 1%per month from the due date of filing of income tax returns.
Re: ITR
by santosh on May 30, 2012 01:57 PM Permalink
According to your details provided there is no need to file your income tax returns your employer will automatically deduct TDS and will pay to government on ur behalf.
I am doing job in pvt company my salary is 5000 per month.side by side i have opened demat a/c in karvy for share trading amount deposited in demat a/s is 30000 daily trading amount is aprox.10times of 30000.should i will have to fill income tax return.
Re: should i fill i t r or not
by santosh on May 30, 2012 02:11 PM Permalink
You would be liable to file I.T Returns only if you Income Exceeds the Basic Exemption Limit.... If ur Income Exceed then yes you are liable to pay tax .....and file ur income tax return by 31st July of the relevant assessment year.
