Posts Tagged ‘PAN’

No need to file income tax returns if ?

No need to file income tax returns if ?

31st July is approaching soon and millions of tax payers are worried about filing income tax returns. However this year not everyone has to go through tax filing procedure. The Central Board of Direct Taxes (CBDT) has exempted salaried employees from the requirement of filing the returns for assessment year 2012-13. The exemption from filing I-T returns is applicable only if “the total income of the employee does not exceed Rs 5 lakh and all following conditions are fulfilled. 1. […]