30 May 2015
If any peson file only 1 Itr (4s) Nill return last year which is his first return thn wht is the maximum account balance he can have in his saving bank account..
30 May 2015
NIL RETURN means nil tax payable or nil income? So far bank balance is concern, it must be only what he has eaened during till the date of filing his return after deducting his expenses of personal nature.
CAclubindia
