Return filling AY 2016-17
This query is : Open
08 June 2017
I want to file Nil return for AY 2016-17 due date already passed away so now is that any penalty or interest will occur?
And it's mandatory to first file return for AY 2016-17 and after that only I should file return for AY 2017-18?
08 June 2017
No need to file nil return. You can file return for 17-18 instead you dont file return for A.Y.2016-17.
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08 June 2017
No problem even if you dont file return for A.Y.2016-17.
08 June 2017
but for taking loan last three years itr is necessary that's why I'm talking about AY 2016-17 return filling.
08 June 2017
Okk then you can file but dont file nil return if you want to file for loan purpose.
08 June 2017
but is that any penalty and interest will occur for filling return AY 2016-17
08 June 2017
No penalty & interest charged in case of nil taxed return.
08 June 2017
OK,
For filling return for loan purpose
what is the minimum amount of tax should I pay
08 June 2017
No need to pay tax only declare some income in the return more than return of just preceeding A.Y.
It is for getting loan easier not mandatory.
08 June 2017
Welcome it's my pleasure.
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