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return filing

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my brother income up to 250000 so he can return file after 31/July. any penalties charge after 31/July for nil return
Replies (5)

If your income is less  than  500000/- penality will be  Rs 1000/- for filing of late retrun .

why but I want to file nil return
if your total income is less than 250000 then there's no necessity to file ROI

You mean  to say you are not  paying any income tax ( Nil retrun) , you income in the previous year  is  250000/- or less , Nor need  file retrun . As per section 139 (b) of the income tax 1961 Income during the pervious year exceeded the maximum amount which is  not chargeable to income tax must  furnish retrun.

No penality would be levied as if income does not exceed the maximum limit chargeable to income tax assessee may file return...


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