New Assessee
This query is : Resolved
24 November 2008
Hi,
(1)I Want to Know That A Assessee Can Files his First Return as NIL as not Exceeding Exemption Limit.
(2) If New Assessee File His First Return of Income & Paid Tax & If in Next Year His Income Does Not Exceed Exemption Limit Than Wheather Any Obligation To Compulsory Filling of Income Tax Return As NIL Tax Return.
Regards,
Agrawal
(1)I Want to Know That A Assessee Can Files his First Return as NIL as not Exceeding Exemption Limit.
(2) If New Assessee File His First Return of Income & Paid Tax & If in Next Year His Income Does Not Exceed Exemption Limit Than Wheather Any Obligation To Compulsory Filling of Income Tax Return As NIL Tax Return.
Regards,
Agrawal
24 November 2008
CASE-1
Filing is not mandatory.
CASE-2
No obligation/compulsion.
Filing is not mandatory.
CASE-2
No obligation/compulsion.
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