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income tax nil return

Ankit Jain (student) (32 Points)

03 August 2010

What is the last date of filing income tax nil returns?

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Harpreet (* * * * * *) (1670 Points)
Replied 03 August 2010

Last date for filling of income tax return where taxable income below the range prescribed for different assessee like for Male Rs. 160000/-, Female Rs. 190000/- and for Senior Citizen Rs. 240000/- is 31-03-2011.

Yes you can file the return till 31-03-2011

1 Like

CA Amit Kanani (Practicing CA) (338 Points)
Replied 03 August 2010

It is one year from end of relevant AY or b4 completion of assessment Whichever erlier.

For ex. for AY 2010-11, it is 31-3-2012.

Its called Belated Return.

2 Like

(Guest)

Agreed with Mr amit n harpreet the last date for filing return is 31-3-2011 for the present AY. But practically in the deptt no one is accepting a NIL return(i dont know about e filing). They accept return only when either u have refund due or taxes paid

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Joey Tribbiani (fdg) (2010 Points)
Replied 03 August 2010

Originally posted by : Heena
	Agreed with Mr amit n harpreet the last date for filing return is 31-3-2011 for the present AY. But practically in the deptt no one is accepting a NIL return(i dont know about e filing). They accept return only when either u have refund due or taxes paid

1 Like

Airody Manjunatha Alse (ca) (100 Points)
Replied 03 August 2010

Dear Sir,

Please note, Nil Income paper return will not be accepted by the department. But they will accept if you have the refund. However, you can e file the nil return before 31.3.2011 for the A.Y 2010-2011.

1 Like

ABHISHEK ADITYA (CA Final 1st group cleared) (213 Points)
Replied 03 August 2010

04-08-2010

1 Like

Rishab (A.C.A.) (155 Points)
Replied 03 August 2010

Dear Airody Manjunatha Alse why nil returns will are not accepted.

NIL Returns are accepted by the Income Tax department, if someone is refusing to accept the returns it is wrong by Law. You should immediately approach the concerned ITO or the Assistant commissioner or the Deputy Commissioner of I.T.

Law does not prohibit NIL returns.

Sunil (Trader) (2611 Points)
Replied 03 August 2010

Nil return of income is acceptable even if there is no refund. Like any other returns, it too can be picked for scrutiny.

If you have been filing returns regularly and then because you have nil return by virtue of being below taxable limit on account of tax on income being nil (without any deductions), you can file the same on voluntary basis under section 139 as applicable. It is OK even if you do not file the returns under these circumstances. However, if there may be informations received in AIR or AO where you last filed the return thinks you are a stop filer, he can issue notice to file returns. In this case also you can file the nil return within time limit given to you.

If you have a PAN and have not file returns at all on account of being nil, in case there are any AIR Items against your PAN or Assessing officer to whom your case is alloted has reasons to believe that you are a NON Filer, then too he can issue notice to file returns and at that time also you can file your nil return. Only when filing returns after receiving notice, whether nil or otherwise it is no longer a voluntary return u/s 139 and you have to file the same under section which notice is issued to you.

The last date for nil return or return with tax on voluntary basis is 1 year from the end of assessment year, i.e. for Financial 2009-2010, since it is Assessment year 2010-11, the last date is 31/3/2012. In case you receive notice under any applicable sections, you have to file returns within the time limit called for in the notice that is applicable for that section.

(Guest)

Originally posted by : Rishab
	Dear Airody Manjunatha Alse why nil returns will are not accepted. NIL Returns are accepted by the Income Tax department, if someone is refusing to accept the returns it is wrong by Law. You should immediately approach the concerned ITO or the Assistant commissioner or the Deputy Commissioner of I.T. Law does not prohibit NIL returns.

Agreed that law doesnt prohobit NIL return,but if u go to Deptt,no ones accepting it,waise bhi wat is the use of fiiling a nil return. However,to continue my earlier post,LOSS returns are accepted and u people know why

pinki kedia (ca PROFESSION) (22 Points)
Replied 04 August 2010

I m agree with sunil and Rishab. There is many benefit of filing return including Nil return. I deptt also they can't deny to accept NIL return. I am also filing NIL paper return for my clients.

CS Vijay Daxini (At Practice) (732 Points)
Replied 04 August 2010

if u file nil return then that much amt. of nil return will be recorded in goverment's account n in future if u spend big amt. n there is a serch frm. deptt. u can anshow that my income is so n so check it frm my nil return......this is only one case dear heena