Income tax query

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B.com
3025 Points Posted on 13 February 2021
one of a non I.t return filed person self assessment tax paid Rs:1500/- for the purpose of bank loan in f y 19-20.if not taxable income.
question:
A person I.t. return filed compulsory in f.y.19-20
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On 13 February 2021 at 18:05 Report
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Quick Summary
This discussion addresses whether filing an Income Tax Return (ITR) for FY 19-20 is compulsory, even if your income wasn't taxable. While not strictly mandatory in all cases, filing an ITR is highly recommended. It's often required for bank loans and can prevent future notices from the tax department if you've paid self-assessment tax.

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Chartered Accountant
414 Points Posted on 13 February 2021
Not mandatory but bank will definitely ask for ITR return in future. moreover as self assessment tax deposited department will also issue a notice for filing...so in order to avoid future problems..Itr should be filed
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On 13 February 2021 at 18:09
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238 Points Posted on 13 February 2021
It is necessary to file regular basis for good purpose of loan
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On 13 February 2021 at 19:53
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Chartered Accountant
24588 Points Posted on 14 February 2021
File return
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On 14 February 2021 at 06:34

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