How to efile NIL tax return, or ZERO tax return online for a PAN which has had no income eg. ITR-4?
Are such returns valid? Will it raise any questions as to why the PAN holder has filed a zero return?
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How to file NIL return?
Replies (1)
The concept of NIL Return is the Total income exceeds the exmepted level and comes under madatory provision to file return.
Here if you enter all the details of your income and investment, the taxable income is less than the slab rate, then the tax amount is NIL.
The system will calculate tax in E-filing... So, if you know you have zero taxable income, just fill the income and exemption and deducions under various sections system will say Zero tax and then submit the form.
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