income tax returns
This query is : Resolved
27 June 2009
Is a break in filing an income tax returns permissable when the taxable income is NIL in a particular year?
27 June 2009
Yes Suman,
When the taxable income is Nil or below the taxable limit then you need not have to file your return of income. You can file the return in subsequent years when your income exceeds.
When the taxable income is Nil or below the taxable limit then you need not have to file your return of income. You can file the return in subsequent years when your income exceeds.
27 June 2009
Thank you so much for your kind reply...i also need to know that what documents are considered enough as to prove that my taxable income is NIL??
27 June 2009
Yes, I agree with Mr.Sharma.....about documents It depends upon the nature of income...if you are salaried then ur salary certificate and your bank statements. If you are in business, then your books of accounts alongwith ur supporting vouchers.
However, you are advised not to take any break in filing the return...it keeps ur records uptodate
However, you are advised not to take any break in filing the return...it keeps ur records uptodate
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
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- Under construction property in ITR
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- New Garden in Place of Old Garden
- Indian IT Portal issue in computing tax as per UK-India DTAA
- F & O PROFIT REPORTING FOR AY 2026-27
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
