Return file
This query is : Resolved
22 September 2014
if return file for fy 10-11 then after business like parlour / tution / coaching etc will be closed and never start again then it should be necessary to file next all year return?
Nikhil Kaushik
(Expert)
22 September 2014
if there is no income and the assessee is not a firm or a company, then no need to file the return.
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22 September 2014
No. If the income of the Individual is below exemption limit then its not mandatory to file Income Tax Return.
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22 September 2014
Then its not mandatory to file Income Tax Return.
22 September 2014
If u r income from all sources is less than 2 L and u ar not a firm or company, then it is not necessary to file return.
CA SANDESH MAHIPAL
(Expert)
23 September 2014
If the total income is not more than the maximum amount not chargeable to tax for respective A.Y. , and assessee is not a firm or company, then ROI filing is not mandatory.
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