Menu
ITR-U
Can a Nil Tax Payer file this return?
Replies (9)
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.
Recent Threads
- Revised Income tax return karna padega kya
- Registration as deductor on traces site
- Rental Income from a Joint Holding property
- Itr 4 return filing question
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
- Unused ITC for Hotel after GST Change
- CA FINAL SPOM
- 44ad presumption of tax
- Friendly loan to blood relative?
Related Threads
CAclubindia
