Filling of income tax

[sanjay gupta]

Sir,

Our Anual income is 300000/- three lakh in the financial year 2011-12. our PAN is  already isssued by

the income tax department in the year 2000. I have filled my income tax return upto 2009-10.

Should I file Income tax return for the financial financial year 2010-11 and 2011-12. 

Kindly guide us in this stage. Your Kind co-operation this regard will be highly appreciated.

Sanjay Gupta

[CAGOPALJI AGRAWAL]

You are required to file the return since income is exceeding the maximum amount not laible to tax. For the FY 2011-12, the return would be filed after the end of the March 2012.

AI Summary

Filing Income Tax Returns Required for 2010-11 and 2011-12 Due to Income Exceeding Non-Taxable Limit An individual inquired whether they need to file income tax returns for the financial years 2010-11 and 2011-12, given an annual income of 300,000 INR. They have filed returns up to 2009-10 and possess a PAN issued in 2000. A respondent advised that filing is necessary as the income exceeds the non-taxable threshold. The return for the financial year 2011-12 should be filed after March 2012.