Respected all members
One person last four year file income tax return and now his close their business so no any income.
so return file compulsory file or any process for this matter.
please suggest me.
Menu
Regarding Income tax return
Replies (4)
Quick Summary
It's not compulsory,
if income cross 2.5 lacks that's time it's mandatory
if income cross 2.5 lacks that's time it's mandatory
@ Mr Kamlesh Tolani.,
It's not compulsory if income not exceeding BEL.
In case dept can give notice for non filing of returns. at the time You give reason as no taxable income
It's not compulsory if income not exceeding BEL.
In case dept can give notice for non filing of returns. at the time You give reason as no taxable income
Though it's not mandatory it's always better to file atleast nil return or Return Of income admitting minimum income (actual income from any other sources apart from discontinued business)
Thank u very much members for reply
Recent Topics :
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
- Difference in TIS
Related Topics :
CAclubindia
