CA Ravindra Patil

IDEA Data Analysis Whether you’re an auditor, accountant or finance professional, data reigns supreme. Collecting, consolidating and analyzing it is a time-consuming process, and in today’s workplace there is never enough time or resources to dedicate to data analysis. You need to focus your search and find the secrets hidden in your data faster and reliably so you can provide meaningful insights and recommendations to the business. That’s where IDEA® 10 comes in—the most comprehensive and easy-to-use data analysis software on the market. Developed by CaseWare Analytics, the global leader in audit analytics software, IDEA 10 is specifically designed to help you analyze your data faster. With more than 100 audit-relevant tasks and a wealth of new features, all of your data analysis needs are covered with just a few easy clicks. Analyze 100% of your data with 100% confidence.

Obligation to file return Every individual whose total income before allowing deductions under Chapter VI-A of the Income-tax Act, exceeds the maximum amount which is not chargeable to income tax is obligated to furnish his return of income. The maximum amount not chargeable to income tax in case of different categories of individuals is as follows:- Sl. No. Category Amount (in `) 1 In case of individuals below the age of 60 years 250000 2 In case of individuals, being resident in India, who are of the age of 60 years or more at any time during the financial year 2015-16 but below the age of 80 years i.e. born during 1.4.1936 to 31.3.1956 300000 3 In case of individuals, being resident in India, who are of the age of 80 years or more at any time during the financial year 2015-16 i.e. born before 1.4.1936 500000 Due Date of Income Tax Return for the A.Y...