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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
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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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