CA in Practice
3255 Points
Posted on 23 February 2014
Dear Ankit,
Agree with above answer. It's not compulsory to file return if your income below Rs. 2 Lacs.
However, It must be noted that, Business turnover is exceeds 1 crore during the F.Y. 2013-14 then he has file return and accounts mandatory to be Audited.