PAN Holder

If GTI is below the maximum exemption limit, no obligation to file return even if the assessee holds PAN

No it is not necessary to file the ITR if the Total Income is below the Minimum exemption amount

which is as follows for men:-

Rs 1,10,000/-  for A.Y. 2008-09  (01-04-07 to 31-03-2008)

& Rs 1,50,000/- for A.y. 2009-10 (01-04-08 to 31-03-2009)

No it is not necessary to file the ITR if the Total Income is below the Minimum exemption amount

which is as follows for men:-

Rs 1,10,000/-  for A.Y. 2008-09  (01-04-07 to 31-03-2008)

& Rs 1,50,000/- for A.y. 2009-10 (01-04-08 to 31-03-2009)

but ya i will like to add that once you file a return, you have to continue to file it or you may receive notice form department to file a return. to be safer is to file a return. its like one way. there is entry road but no exit road.

 But its better to file 

as it helps at the time obtaining loan from banks 

But no obligation to file the return