income tax return

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shailendra jain

shailendra jain (Querist)
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17 April 2010 i m a salaried. is it necessary for me to fill up the "NIL" return for IT.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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17 April 2010 If the gross total income exceeds the basic exemption limit, even though there is NIL tax liability, file the return in time because the 4th proviso to section 139(1) stipulates so.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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17 April 2010 AGREE WITH EXPERT

CMA RV Padmakumar.A

CMA RV Padmakumar.A (Expert)
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17 April 2010 Yes that is true and According to sec 139(1A),any employee who filed a return of income to his employer shall be deemed to have furnished a return of income u/s 139(1) in accordance with a scheme prescribed by the Board.In this case the employer has the responsibility to file return before the due date.

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