Income tax return filling
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 September 2013
if a person is income tax assessee and regularly filling his IT return.... suppose in a particular year he is not having any income...do he has to file nil return.
30 September 2013
Yes he had to file income tax returns irrespective of the fact whether he is having Taxable income or not.
In other words even if his income is below basic exemption limit in a particular Financial year.
In other words even if his income is below basic exemption limit in a particular Financial year.
Nikhil Kaushik
(Expert)
30 September 2013
I would have to disagree with Rajesh here.
As per section 139(1)(b) only if the income exceeds the exempted amount, the return is to be filed.
However, it is a good practice to file return even where the income is below the maximum exemption limit.
As per section 139(1)(b) only if the income exceeds the exempted amount, the return is to be filed.
However, it is a good practice to file return even where the income is below the maximum exemption limit.
30 September 2013
No need to file NIL return.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- MSME disclosure and disallowance
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
