Employees income less than rs. 5 lakhs need not file their return of income some of the conditions are fulfilled
Description: Section 139 –Return of income – Scheme as to Exemption from requirement of furnishing return where total income does not exceed Rs.5 lakhs optional – order [F.No.142/09/2011 – SO(TPL)], dt. 25-7-2011. Source: 1. www.tpcc.in 2. The Tax Referencer .Volume120. Issue No.9, 29 August 2011, Page No.16. Our comment: The purpose is to give relief […]
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