Exemption from requirement of furnishing return of income for A.Y. 2011-12 where income does not exceed Rs. 5 lakhs - Assessee has option to avail said exemption

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..... -7-2011 Order-Instruction - Circulars - Income Tax - ORDER [F.NO. 142/09/2011-SO(TPL)] DATED 25-7-2011 The Central Board of Direct Taxes had exempted a certain class of persons from the requi .....

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..... individual with less than Rs. 5 lakhs of income is not required to furnish his return of income. 3. Necessary instructions may be issued to the officers and staff concerned to accept Returns of Inco .....

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