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New Assessee

This query is : Resolved 
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(Querist)
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
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
24 November 2008 CASE-1
Filing is not mandatory.
CASE-2
No obligation/compulsion.
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Rahul

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Rahul (Expert)
24 November 2008 Refer Section 139(1)
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