Yearly nil return
This query is : Resolved
Dipankar Chakraborty
(Querist)
08 February 2016
Sir, If anyone make IT file for any purpose by filling NIL return and he is not liable to pay tax. then will he continue his NIL return filling yearly?
Pls reply
Pls reply
Nikhil Kaushik
(Expert)
08 February 2016
apply a little bit of knowledge (section 139) and then its all logic...
08 February 2016
Yes, one can file yearly return with zero tax. Here I wish to say that there is no bar in legislation for filling return with nil tax.
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