Dear Friends
My tax liability is zero as my income for AY 2017-18 was below the taxable limit. I had accordingly filed my IT return online in June last year and then I got an intimation that I have missed out in including certain items as per 26AS. The notification stated to either agree or disagree within 30 days and if agreeing I was supposed to file a Revised return. Now even if I add the items as per 26AS my income still is below the taxable limit and hence there is still a Zero Tax liability thats why i did not respond and the 30 days had elapsed.
Now today again I recieve a similar such intimation 143(1)(a) communication with the same details as per 26AS. And with the same agree/disagree option and if agreeing to file a Revised tax returm.
So my query is Do I still need to file a Revised Tax return if even after the adjustment my Revised income is below the taxable limit and consequently my Tax liability is still Nil.
Can you please guide me on this...should I file a revised return if my tax liability is still Nil.
Appreciate your assistance...Thanks
CAclubindia
