Should i file Nil return?

Yes, you should defnetly file the NIL Return....

You can file return under section 119(2)(b).

Write letter to commissioner of income Tax for filling return under section 119(2)(b) 

Filing income tax returns is mandatory for those whose total income is more than Rs.2,50,000. We recommend that you file your income tax return

For  AY 2012-13, you must compute the tax and give a written submission to the Assessing Officer in your ward.Or consult with any Chartered Accountant in your area....

File ITR 4s and in that u can show ur income below taxable  limit and if any loss occurred during that period u can reflect it by showing  ur expenses and ur loss will be automatically calculated.

If you are running business on as a proprietor then no need to file the ITR for 2012-2013(A.Y 2013-14) no need to file because your income is below the exemption limit.

If you are running business on as a proprietor then no need to file the ITR for 2012-2013(A.Y 2013-14) no need to file because your income is below the exemption limit.

Up to  2 years you can file in electronic manner(income tax efiling) for remaining because you are not offered and filed earlier so the assessing officer will not accept ealier year returns due to now Income Declaration Scheme is there so you need to pay45% tax  for prior to 2 years.

Dear Pranam,

You should Avoid filing Return For F.Y-12-13(A.Y13-14) and F.Y-13-14(A.y14-15) in my opinion.Further you can't File E return for these years and you dont have income in those years, so avoid these.

You Should Definitely file return for F.y-14-15 and F.y-15-16. 

If Later on by chance you get any Notice from department( Possibility of which is very minimal), then you can contact your CA , he will take care of things.