Return file

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dilip (Querist)
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22 September 2014 if return file for fy 10-11 then after business like parlour / tution / coaching etc will be closed and never start again then it should be necessary to file next all year return?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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22 September 2014 if there is no income and the assessee is not a firm or a company, then no need to file the return.

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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22 September 2014 No. If the income of the Individual is below exemption limit then its not mandatory to file Income Tax Return.

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dilip

dilip (Querist)
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22 September 2014 Income source is only FDR interest then?

dilip

dilip (Querist)
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22 September 2014 Interest is below 2 lac then?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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22 September 2014 Then its not mandatory to file Income Tax Return.

CS Deepak Pratap Singh

CS Deepak Pratap Singh (Expert)
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22 September 2014 If u r income from all sources is less than 2 L and u ar not a firm or company, then it is not necessary to file return.

CA SANDESH MAHIPAL

CA SANDESH MAHIPAL (Expert)
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23 September 2014 If the total income is not more than the maximum amount not chargeable to tax for respective A.Y. , and assessee is not a firm or company, then ROI filing is not mandatory.