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Income tax query

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kollipara sundaraiah (B.com)     13 February 2021

kollipara sundaraiah
B.com 
 18 likes  1046 points
| My Other Post
one of a non I.t return filed person self assessment tax paid Rs:1500/- for the purpose of bank loan in f y 19-20.if not taxable income.
question:
A person I.t. return filed compulsory in f.y.19-20
CA SEEMA AGARWAL

CA SEEMA AGARWAL (Chartered Accountant)     13 February 2021

CA SEEMA AGARWAL
Chartered Accountant 
 14 likes  163 points
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Not mandatory but bank will definitely ask for ITR return in future. moreover as self assessment tax deposited department will also issue a notice for filing...so in order to avoid future problems..Itr should be filed
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Bhaumik pandya

Bhaumik pandya   13 February 2021

Bhaumik pandya

 13 likes  193 points
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It is necessary to file regular basis for good purpose of loan

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