Income tax return file compulsory every year

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This discussion clarifies whether filing an income tax return is compulsory every year, especially if you have no taxable income. While not strictly mandatory in such cases, it is strongly recommended to file your return regularly. Consistent filing simplifies proving your income is below taxable limits and helps avoid potential issues with tax department notices that can arise years later.

Kollipara Sundaraiah

Kollipara Sundaraiah (Querist)
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06 April 2020 Small Assess I.t. return filed f.y.2018-2019 for the purposes of bank loan .
Doubt:
Assess I.t. return filed every year(f.y.2019-2020 and next finicial years) compulsory or not.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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06 April 2020 Not compulsory in case of no taxable income.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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07 April 2020 It is still advisable to file the ITR on regular basis. If returns are regularly filed the burdensome onus to prove the income below taxable limit reduces up to a great extent.
The department issues notices to non-filers through e-mails. It is very difficult to keep track of department's e-mails which are expected within a period of 4/6 years from the end of the assessment year. Unresponded mails create more problem.
Positive Aspect : Filing of regular returns inspires an assessee to earn more income.

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