Monday, 16 July 2012

Who Can File Sahaj & Who Can not !

SAHAJ or ITR-1 is the easiest income tax form for tax payers in India. When one is trying to fill out the tax return for assessment year 2012-13 , one should keep in mind the advisory of CPC Bangalore about the guidelines on Sahaj return form which clarifies who can file this form and who can not.It is not a case that everyone is entitled to file the tax return through this form. sahaj_return_filingThe easiest tax form is intended
for a class of tax payers which CPC Banglore has tried to explain through the guidelines. Read below to understand its guideline
Who can file SAHAJ ?
image
Who can not file SAHAJ ?
image
Important point to note that guideline provides that persons having income exceeding Rs 5000 agriculture income can not file SAHAJ. This blog had already pointed out  that if that be the intention of government, Rule 12 needs change . Read Why ITR-1 SAHAJ or Rule 12 require immediate amendment?
As long as that is not done , everyone satisfying the conditions laid down in Rule 12 is eligible for filing return in SAHAJ. CPC , Banglore’s guideline has no legal value if notification about rule or form is not p[published in Gazette.

No comments:

Can GST Under RCM Not Charged and Paid from FY 2017-18 to October 2024 be Settled in FY 2024-25?

 In a recent and significant update to GST regulations, registered persons in India can now clear unpaid Reverse Charge Mechanism (RCM) liab...