Skip to main content

No Exemption for Salaried Employees with income upto Rs 5 Lakh from filing IT return for A.Y. 2013-14

Image
By Vivek Nasa

By Vivek Nasa



CBDT has vide its press release dated 22.07.2013 clarified that exemption from filing return of income for salaried employees having total income upto Rs. 5 lakhs including income from other sources upto Rs. 10,000/- was only for assessment year 2011-12 and 2012-13 respectively. The exemption was given considering ‘paper filing of returns’ and their ‘processing through manual entry’ on system.

However, this year the facility for online filing of returns has been made user-friendly with the advantage of pre-filled return forms. These E-filed forms also get electronically processed at the central processing centre in a speedy manner. Hence, the exemption provided during the last two years is not being extended for assessment year 2013-14.

Source : TaxGuru

Popular posts from this blog

Advocate Vivek Nasa on Motor Vehicle Act 1988 and Traffic Challans

By Vivek Nasa
Advocate Vivek Nasa on Motor Vehicle Act 1988 and Traffic Challans By Vivek Nasa FOR MORE INFORMATION CONTACT Vivek Nasa & Associates Chamber no 11, Second Floor, Lawyers Chambers Block A, Gurgaon Civil Court, National Highway 8, Gurugram, Haryana 122001, India  Get Directions Phone:   +91 9811896536 Website:   https://www.viveknasa.com Email:   contact@viveknasa.com Facebook Profile:  Visit Google Maps:  Visit Youtube Channel:  Visit  
Read more

Complaint under section 420 IPC not barred even if prior complaint under section 138 NI Act is pending -Supreme Court

By Vivek Nasa
It has been held by Hon'ble Supreme court of India in Sangeetaben Mahendrabhai Patel vs State Of Gujarat that, A subsequent complaint under section 420 IPC is admissible & not barred even if prior complaint under section 138 NI Act is pending or appeal thereto in pending adjudication. Supreme Court of India Sangeetaben Mahendrabhai Patel vs State Of Gujarat ; Anr on 23 April, 2012 Author: . B Chauhan Bench: B.S. Chauhan, Jagdish Singh Khehar REPORTABLE IN THE SUPREME COURT OF INDIA CRIMINAL APPELLATE JURISDICTION CRIMINAL APPEAL NO. 645 of 2012 Sangeetaben Mahendrabhai Patel …Appellant Versus State of Gujarat & Anr. …Respondents J U D G M E N T Dr. B.S. CHAUHAN, J. 1. This appeal has been preferred against the impugned judgment and order dated 18.8.2011 passed by the High Court of Gujarat at Ahmedabad in Criminal Misc. Application No. 7807 of 2006, by which the High Court has dismissed the application filed by the presen...
Read more

Recovery of cheque bounce money becomes difficult: Change in Jurisdiction of Section 138 NI Act Cases : SC

By Vivek Nasa
By Vivek Nasa Recovery of cheque bounce money becomes difficult: Change in Jurisdiction of Section 138 NI Act Cases Landmark Judgement by Supreme Court of India changes the way Cheque Bounce Section 138 NI Act cases are filed. In a landmark judgement, the Supreme Court of India has changed he way Cheque Bounce Section 138 of Negotiable Instruments Act cases are filed.to prosecute a person who had presented the cheque which bounced for insufficiency of funds. Earlier, a case under Section 138 could be filed by holder of the cheque at four different places of his choice including his place of business or residence. But, now after this landmark judgement in the case of Supreme Court of India has ruled that from now onwards a case can be filed only at the place where the branch of the bank on which the bounced cheque was drawn is located. Dashrath Rupsingh Rathod Versus State of Maharashtra & Anr. Source :Judis.nic.in Dashrath Rupsingh Rathod Versus Stat...
Read more