Who Are Not Required to File Income Tax Return?
Friday, June 18, 2010
Following Tax Payers are not Required to file return including
- Where the entire income of a taxpayer in a tax year consists of income chargeable under the head “Salary” below Rs. 500,000/- this person is required to furnish Employer's Certificate
- Any person who is not obliged to furnish a return for a tax year because all the person’s income is subject to final taxation (FTR) - this person is required to furnish Statement as prescribed
- Following persons even they owns immovable property with a land area of 250 square yards or more or owns any flat located in urban areas
- (a) A widow;
- (b) an orphan below the age of twenty-five years;
- (c) a disabled person; or
- (d) in the case of ownership of immovable property, a nonresident person.
Labels: Income Tax Return, Miscellaneous, Section 115
posted @ 1:52 PM,
0 Comments:
Post a Comment