Help regarding itr

If he does not have a taxable income he does not need to file the ITR. Benifits are if you have a refund, this is the only way to get refund, you can carry over the losses to future years, you do not get compliane notices from IT deptt etc. 

1] Ur brother received newPAN. 

2] Register at  https://incometaxindiaefiling.gov.in/

3] after registering the PAN with mobile no, email id and aadhar goto  view 26as

4] 26as statement shows various taxes deducted , refund received in the year , AIR Transaction  eg shares purchased above 1 lakh, credit card payments above 2 lakhs etc  , Short payments of TDs etc

5]  If every thing is blank in 26AS and ur brother does not have any income or income less than 2.5 lakhs - he did not file any IT return.

6] But if there are Tax credits  then he may have to file return to get refunds

7] if there are AIR transactions then ur brother may get notice if he does not file return.

I hope this is helpful  

Totally agreed with kiran. But in my opinion you should file your brother's return as it required for income proof for loan, visa etc. it is good that he is working in your family business. Start giving him salary for his work. And that way you will show expeses in your family bussiness books. And tax liabilities on your family business will be less by expenses amount. And your brother capital will buildup which will help him in near future. hope you like my opinion.

Agreed with Mr. Kirans point. If you have any refund u need to file the ITR to claim the refund. Pls check 26AS

You can get some advantages:

1. You pay around 4.1 Laks to your brother as pay from your family business. That will be shown as expenses in your business and you will save tax on 4.1 Lakh in you business.

2. Open a PPF account of your brother and deposit 1.5 Lakh. He will get 8.4% interest and tax saving benefit.

3. Balance 2.6 Lakhs will be attracting zero tax.

4 File ITR-1 accordingly. Nil Tax return, This will help in getting any loan from banks, as he will be having 4.1 Laks pa as his income.