Exemption from requirement of furnishing return of income for A.Y. 2011-12 where income does not exceed Rs. 5 lakhs – Assessee has option to avail said exemption

Income Tax Department to accept Return of individual with less than Rs. 5 lakhs of income – CBDT had exempted those having income less than Rs. 5 Lakhs for the assessment year 2011-12 from filing Income Tax return. Board now clarifies that the Department should accept returns from this exempted category of persons, if they wish to file the return. It has come to the notice of the Board that in some Income Tax offices, Returns of Income are not being received by the staff on the ground that an individual with less than 5 lakh of income is not required to furnish his return of income.

Section 139 of the Income-tax Act, 1961 – Return of income – Exemption from requirement of furnishing return of income for A.Y. 2011-12 where income does not exceed Rs. 5 lakhs – Assessee has option to avail said exemption

Exemption from the requirement of furnishing a Return of Income u/s 139(1) – Regarding

ORDER [F.NO. 142/09/2011-SO(TPL)], DATED 25-7-2011

The Central Board of Direct Taxes had exempted a certain class of persons from the requirement of furnishing a Return of income under sub-section (1) of section 139 of the Income-tax Act, 1961 for the assessment year 2011-12, vide Notification SO No. 1439 (E), dated 23-6-2011, subject to the conditions specified in the Notification.

2. It has come to the notice of the Board that in some Income-tax offices. Returns of Income are not being received by the staff on the ground that an individual with less than Rs. 5 lakhs of income is not required to furnish his return of income.

3. Necessary instructions may be issued to the officers and staff concerned to accept Returns of Income from those taxpayers who wish to file their Return of income even if they satisfy the conditions of the above-mentioned notification.

Notification Exempting Individual having Income less then 5 lakh from furnishing Income Tax Return

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3. New Changes in TDS Rules related to due date for furnishing TDS return/Certificate, inclusion of receipt number in TDS certificate and Requirement of filing form No. 24G by government companies
4. Mode of filing income tax return for taxpayers liable to Tax Audit
5. FAQ on Exemption from filing of Income-tax Return for Salaried having total income not exceeding Rs. 5,00,000