banner_ad

Please help

ITR 650 views 6 replies
My friend is filing it returns from last 5 years. He lost job last year and he is no income during A.Y. 14-15. Should he file NIL return or not required to file itr for AY 14-15 Kindly advise.
Replies (6)
if income is nil... then no need to file return.

Any year you have minimal or Nil income, you may be able to skip filing your tax return and the related paperwork...

However, it's perfectly legal to file a tax return showing zero income...this might be good practice for number of reasons...

If you have no income, however, you aren't obligated to file ...!

Dear Sir

If your friend's Gross Total Income (that is, income before giving effect to Chapter VI-A Deductions) is below taxable limits, he is not required to file return. However, considering the facts that,

-it is easy to file return, more so in case of nil returns, 

-banks demand your ITR in case of loan applications,

-even credit card companies demand ITRs on applying to them for cards,

it is better to file a Nil Return.

Regards
Ajay

It is better to continue filing
Total income is not exceed 250000 .if not fill return.
It is not required but as per good practice there shuould not keep gape beetween year for filling return.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details