Itr filing

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Plz file the return..it is good DAT u r under taxable income so there is dual benefit one u have not need to pay tax and other is ur capital will increase...
You are not under compulsion to file your tax return but you can file it on or before 31.03.2016. It will be good, if you file your tax return as it is required while obtaining credit facilty from commercial banks.
If your income is below taxable, it is on u whether u want to file itr or not. It Deptt cannot deny your filing of itr. But if u file itr it may help you to get loan from banks as it is a proof of ur income. One should file itr if he has pan and has some income.

You can file ITR even though your taxable income is 0, it is not necessary that the income should be taxable

Ya u can file itr for ay 2014~2015👌
Ya u can file itr for ay 2014~2015👌
yes it possible.

An individual/ HUF/ AoP/ BoI/ artificial juridical person will have to submit return of income if total income before giving effect to 10A, 10B, 10BA and Sections 80C to 80U exceeds basic exemption limit.

Check this condition. Your TAXABLE INCOME may be below basic exemption limit, but if the above condition is met, you will have to file your return of income,

If I fill itr then any penalty will arise as it is for f.y 13-14 I.e. a.y 14-15

There is no requirement to file Income Tax Return, but you can file it till 31st March, 2016.


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