Due date of tax return

This query is : Resolved 

01 January 2013 if tax payable is nil then income tax return submit is comp.? and plenty is applicable if return is not submit please reply me

01 January 2013 It is not compulsory, but still advisable to file returns regularly. When income is not taxable penalty is not leviable. However, in case of taxable income, filing return is compulsory. U/s 271F, penalty of Rs 5000/- is leviable.


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