NIL Return

Hi Friends,

One of friend is filling NIL Retrun from 15 years. Now she is getting retired and saying that there will be no income. So now is there a need to still file the NIL Return even after retirement when there is zero income??

Replies (14)

There is no compulsion by the department. As per Income Act a person becomes assessee when his/her income before deduction exceeds the maximum amount exempted under the act (exemption limit).

Dear Vishnu,

Mahesh is absolutely right.

Since u have mentioned that assesse in the present case is filing return from last 15 years, so just as a measure of good practice, return should be filed for atleast 1 year after the retirement and then it can be discontinued (provided  income remains below exemption limit).

The rationale behind above is, AO will think before issuing notice u/s 142 to ask for the return if he has a Nil return for an A/Y. Otherwise AO would simply issue notice u/s 142 & ask for the return just because a REGULAR assessee has suddenly discontinued the return submissions.

Dear Vishnu

 

Their is no need to file the return as per act the person earning GROSS INCOME more than the basic exemption limit than its compulsory for him to file the return and in ur case dont have any income so no need

 

 

Regards

Dear Vishnu

 

Their is no need to file the return as per act the person earning GROSS INCOME more than the basic exemption limit than its compulsory for him to file the return and in ur case dont have any income so no need

 

 

Regards

ossam

I agree with all of u great work frnds!

Originally posted by : Amir

Dear Vishnu,

Mahesh is absolutely right.

Since u have mentioned that assesse in the present case is filing return from last 15 years, so just as a measure of good practice, return should be filed for atleast 1 year after the retirement and then it can be discontinued (provided  income remains below exemption limit).

The rationale behind above is, AO will think before issuing notice u/s 142 to ask for the return if he has a Nil return for an A/Y. Otherwise AO would simply issue notice u/s 142 & ask for the return just because a REGULAR assessee has suddenly discontinued the return submissions.

completely agree.........

As a part of good paractice one should file return regularly eventhough it is "Nil"

Also department will never send the notice for "Nil" income

so its optional whether to file return or not
 

Filing of return is base on gross total income. if your gross total income ( before deduction chapter VI) is less than exmption limit as prescribed slab rates then there is not need to filing of return of realated financial year but if gross total income has been exceed from the exmption limit but after deduction there is no tax liability then you have to filing of return.

if the income the below the slab rate there is no need to file the retun....its optional only... some people flie nil return for three yrs this is because of some particular reason (eg.getting passport).... according to my view nil return is only optional 

Dear kribhalakshi

is it necessary to find IT return to get a passport pl enlighten me

karthi

Amir ji is great

there is no compulsion by the department as her gross total income is below maximum exemption limit......but as a good practice it is adviced to file the return  if the assessee earns any income.

Thankyou every body

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
17 August 2026
Chartered Accountant with US GAAP Experience

Austin Med Solutions Pvt Ltd

Bengaluru

CA

View Details
Company
11 August 2026
Manager / Senior Manager - Statutory Audit

CommerceCareer

New Delhi

CA

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
ARTICLESHIP 08 August 2026
Article Assistant

Sanath Sheshagiri & Co.

Bengaluru

CA Inter

View Details
Company
11 August 2026
Chartered Accountant

Aviv Global Pvt Ltd

Ahmedabad

CA

View Details
Company
13 August 2026
Chartered Accountant (FP&A)

Client of Trellis Consulting

Gurgaon

CA

View Details
Company
ARTICLESHIP 10 August 2026
Article Assistant

Suraj Garg and Associates

New Delhi

CA Inter

View Details
Company
12 August 2026
Deputy Manager - Finance

RoamPrime Technologies Private Limited

Bengaluru

CA

View Details