Is it necessary to file return after receiving PAN
This query is : Resolved
29 November 2007
My friend is from Assam having a salary below Rs. 3000. He wants a PAN card as he does not have any proof of his staying in Mumbai. If after receiving PAN is it compulsory to file return
29 November 2007
ONLY WHEN ONE HAS THE TAXABLE INCOME EXCEEDING THE EXEMPTION LIMIT , ONE HAS TO FILE INCOME TAX RETURN OR IF ONE HAS A REFUND OF IT DUE , ONE HAS TO FILE AN IT RETURN AND CLAIM REFUND.
BUT THERE IS NO NEED TO FILE IT RETURN SIMPLY BECAUSE ONE GOT PAN.
GOVT. HAS EVEN REMOVED THE 1/6 CRITERION ( EARLER IN EXISTENCE TO FILE RETURN IF ONE HAS EITHER A CLUB MEM. SHIP OR A CREDIT CARD ETC...) TO FILE IT RETURN.
R.V.RAO
BUT THERE IS NO NEED TO FILE IT RETURN SIMPLY BECAUSE ONE GOT PAN.
GOVT. HAS EVEN REMOVED THE 1/6 CRITERION ( EARLER IN EXISTENCE TO FILE RETURN IF ONE HAS EITHER A CLUB MEM. SHIP OR A CREDIT CARD ETC...) TO FILE IT RETURN.
R.V.RAO
29 November 2007
What Rao sir said is correct.
15 December 2007
Mr. Ravikumar is correct too... ;-)
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