income tax

Debashis (Querist) 02 June 2016 This query is : Resolved
Who should file income tax return? My income from remuneration is
Rs 264423/- for the year 2015-16.
Should I have to file return?

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Ksreddyacs (Expert) 02 June 2016
both of you can claim or signle person also can claim the same..

H.M.Patnaik (Expert) 03 June 2016
For the Financial Year 2015-16 relevant to Assessment Year 2016-17, the threshold limit for filing Income Tax Return was Total Income exceeding Rs. 250000/- only.As your income has exceeded the limit, you are liable to file your return for the above period in the capacity of an Individual.

Rajendra K Goyal (Expert) 09 June 2016
Discuss with your tax consultant.

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