Suppose i am not filing return today. In future if i file return & if tax liability comes over me. Will the Income Tax Dept. ask me for previous period returns also????
16 August 2011
It is in your favour to file even NIL return, since the department is accepting the same. It is better to file continuously. The department may ask about your previous return and at that time you will have to make exercise, which may be 10 times more than filing the return.