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Can a Nil Tax Payer file this return?
Replies (9)
Quick Summary
No Nil return not permitted
Tax is nil if the income is below 5lacs by availing rebate. So ITR can be filed upto 4.99lacs income with nil tax
Whether penalty will be imposed if income is above 2.5 lacs but below 5 lakh?
Section 234F is applicable .1000/- will be the late fees
Who said tax is NIL below 5 lacs , it's for sr. citizen. For ordinary citizen it depends.
Income Act has said me while reading section 87A
Updated Return enabled for AY 20-21 & 21-22. Check news section on Income Tax portal.
ITR U live in the portal from today morning
Updated Return enabled for AY 20-21 & 21-22. Check news section on Income Tax portal.
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