Mere holding PAN, Return filiing mendatory?

This query is : Resolved

Rupendra Saxena (Querist)
Follow

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?

Jitender

Jitender (Expert)
Follow

13 February 2009 u are correct that ur friend need not to file return if his income does not exceed maximum exemption limit.

CA Pawan Goswami

CA Pawan Goswami (Expert)
Follow

13 February 2009 If your friends' income does not exceed maximum exemption limit, then he need not to file his return of income.

CA.Tarun Maheshwari

CA.Tarun Maheshwari (Expert)
Follow

13 February 2009 Agreed with Pawan and Jitender.

Saurabh Aggarwal

Saurabh Aggarwal (Expert)
Follow

16 February 2009 agreed with all above suggestions

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

T E SOUNDARARAJAN

HITESH NIRANJAN SAHU

Ishwar Radhakisan Tawani

RAJ SANKLECHA

Aakash Kumar

Subscribe Now

Mere holding PAN, Return filiing mendatory?

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

Manager- Finance and Compliance

Senior Executive

GST CONSULTANCY

CA Final

GST CONSULTANT