Individual Advance Tax filing, urgent
This query is : Resolved
14 March 2009
Dear all,
Is it essential for a pan card holder to submit form specifying nil tax, if the income does not exceed the specified slab rate.
Is it essential for a pan card holder to submit form specifying nil tax, if the income does not exceed the specified slab rate.
14 March 2009
Absolutely No.
14 March 2009
not required.
14 March 2009
No IT Return required when income doesn't exceeds from basic threshold limit (Rs.1.50 lac)
However incase of carryforward of losses (other than HP Loss & unabsorbed Dep) it is mandatory to file Return u/s 80 even though you don't have any income
However incase of carryforward of losses (other than HP Loss & unabsorbed Dep) it is mandatory to file Return u/s 80 even though you don't have any income
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