Mere holding PAN, Return filiing mendatory?
This query is : Resolved
13 February 2009
The salary income(only source) of my friend was never taxable and up to F.Y.2005-06 he has regularly filed the IT (nil)Return.But since last 3 years he is not filing the return.
I have heard that a person having PAN need not required to file Return untill his income exceed the exempted limit.
What will happen in this case because he had earlier filed the Returns?
I have heard that a person having PAN need not required to file Return untill his income exceed the exempted limit.
What will happen in this case because he had earlier filed the Returns?
13 February 2009
u are correct that ur friend need not to file return if his income does not exceed maximum exemption limit.
13 February 2009
If your friends' income does not exceed maximum exemption limit, then he need not to file his return of income.
13 February 2009
Agreed with Pawan and Jitender.
16 February 2009
agreed with all above suggestions
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