Dear all,
Dont forget last date i.e 31st July 2014 of filing of income tax return for the income earned during the financial year 2013-14.
If you are getting income from any source which is above the basic exemption limit (2 lacs for individuals below 60 years of age, 2.5lacs for 60 years or more and 5 lacs for the individuals who were the age of 80 years or more during the finacial year ended 31st march 2014)
and you are not liable for audit. The last date of filing return for you is 31st july 2014.
Question? During last year my income was below taxable limit but bank has deducted my TDS on interest income. Should I file return?
Answer:- Yes you should file return, you will get your tax refund only after filing your Income tax return.
Note:-
Also if your income is 5 lacs or more e-filing is mandatory for you.
Dont forget last date i.e 31st July 2014 of filing of income tax return for the income earned during the financial year 2013-14.
If you are getting income from any source which is above the basic exemption limit (2 lacs for individuals below 60 years of age, 2.5lacs for 60 years or more and 5 lacs for the individuals who were the age of 80 years or more during the finacial year ended 31st march 2014)
and you are not liable for audit. The last date of filing return for you is 31st july 2014.
Question? During last year my income was below taxable limit but bank has deducted my TDS on interest income. Should I file return?
Answer:- Yes you should file return, you will get your tax refund only after filing your Income tax return.
Note:-
Also if your income is 5 lacs or more e-filing is mandatory for you.
