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Thread: Tax returns? & taxable?

  1. #1
    etaxmentor
    Guest

    Question Tax returns? & taxable?

    All my income put together is less than 2Lakhs per annum. I do not have any short term Capital gains. I am having shares worth Rs. 5 Lakhs and bank FD worth 4 Lakhs.

    1. Should I make a Tax returns?
    2. Whether above income is taxable?

  2. #2
    Brayn
    Guest

    Default

    I think as you mention that your above reach to taxable income than you have to submit your return.But you have to pay the tax on the income if it reach to taxable income not how much assets you have.SO if your income reach to taxable income than you have to submit tax return otherwise no need to make that.

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