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Mr. Sunil Chachlani is a AFP with almost 2 decades of rich professional experience backing his financial advisory practice. He has also undergone multiple international professional certifications including AFP, C.P.F.A., Diploma in Financial Management and many more. He has worked at various management positions in distinguished MNC’s throughout his career and has gained high competency in human relationship skills and people development. His leadership is proving to bring quantifiable results in the lives of his esteemed customers. Mr. Chachlani strongly believes in the importance of nurturing relationships and respecting human bond. His close friendly association with his customers has helped him propagate the importance of wealth building quite successfully in his clients lives. He loves carrying out complete Financial Planning for his clients by going through their lifestyle with respect to their expenses & income. Advising the method and type of investment to achieve Financial Freedom and goals for various events in life.

Tuesday, 23 July 2013

Salaried up to 5L must now file I-T returns

Unlike the past two years, salaried persons earning up to Rs 5 lakh annually will have to file income tax returns, the Central Board of Direct Taxes (CBDT) said on Monday. 

The CBDT had exempted salaried employees with income up to Rs 5 lakh, including income from other sources up to Rs 10,000, from filing tax returns for assessment year 2011-12 and 2012-13. 


“The exemption was available only for assessment years 2011-12 and 2012-13...the exemption is not being extended for 2013-14,” the CBDT said. AGENCIES ‘Exemption revoked as e-returns easy to file’ 


The CBDT had in May made e-filing of income tax return compulsory for assessment year 2013-14 for persons having total assessable income exceeding Rs 5 lakh. 


The CBDT said the exemption was given considering paper filing of returns and their processing through manual entry on system. It said the exemption has been not been extended as 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, it said. “Taxpayers are encouraged to file their returns electronically. E-filing is an easy, fast and secure method of filing of income tax return. Moreover, digital signature is not mandatory for these taxpayers...,” the finance ministry added.



Source – TOI – Mumbai Edition – 23/07/20013
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