if a person'r income is not taxable, should he/she file return online. In e-filling it possible to file nil tax paid return
4 Replies
C.A. Jignesh N. Mehta
(C.A.)
(1030 Points)
Replied 16 July 2013
Its not necessary to file return online if income is within taxable limit.
yes in e-filing , one can file return with no tax - nil tax returns
CA Dhiraj Ramchandani
(CA, M. com)
(10823 Points)
Replied 17 July 2013
Asit., being a professional person.., i would suggest you to file the NIL return too.., just to maintain the momento and records..
And yes, online filing give you an option of NIL return filing too.. Go ahead..
CA Nitin K. Varshney
(FCA DISA CCA Peer Reviewer (ICAI))
(616 Points)
Replied 17 July 2013
i agree wid dheeraj ji. u shud file nil return. u ll definitely get benefit in future of filing returns. whether it is nil return or tax return.
ashok kumar dogga
(practicing chartered accountant)
(29 Points)
Replied 17 July 2013
Hi,
I agree with all... It is always better to file the returns even if the income is below the exemption limit
Advantages:
- For applying the loans( generally 3 years is required)
-For applying VISA
-For claiming refunds( if excess TDS was deducted)
-For carry forward and setoff of losses
Regards,
Ashok
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