Thread: Income Tax Return

As you all might be aware that the last date to file your Return in 31st of this month, I want to clear one thing:

- If you're a PAN Card holder, Is it still mandatory to file the return, even if you haven't earned a single penny in an year (unemployed)?


P.S: Just clearing my doubts, I am employed.

It would be better to file a NIL return to maintain continuity of your records. However, it is not mandatory to do so.

It is better to file a return, whether there is income or not.

Thanks for enlightening me.

My wife has no income ... well, very little income just from FDs and no way she is crossing the tax bracket. But she files the returns anyway.

Kixi, experience speaks, yes I was asking in regard to my wife, but I wanted to ask in general, so that anybody having similar doubts could get the answer

Originally Posted by Dragon

As you all might be aware that the last date to file your Return in 31st of this month, I want to clear one thing:

- If you're a PAN Card holder, Is it still mandatory to file the return, even if you haven't earned a single penny in an year (unemployed)?


P.S: Just clearing my doubts, I am employed.

Originally Posted by just4kix

My wife has no income ... well, very little income just from FDs and no way she is crossing the tax bracket. But she files the returns anyway.

Originally Posted by Dragon

Kixi, experience speaks, yes I was asking in regard to my wife, but I wanted to ask in general, so that anybody having similar doubts could get the answer

There is a distinction between having NIL income and having income which is less than the taxable limit.

In case a person is having any income, even if the same is less than the taxable limit, one must always file a return. This validates the income and investments out of such can be shown in future years. Otherwise, in future, the IT Dept can take a stand that such income actually belong to future years and demand tax on the same.

Could anyone please guide me, how to file the returns online?

There are two ways of filing return online.

1. If u have a Digital Signature

log on to itax
Click on the "E-File IT Return" link
Register to create your user ID
file the E-Return
sign it with your Digital Signature

2. if u do not have a Digital Signature
log on to itax
Click on the "E-File IT Return" link
Register to create your user ID
file the E-Return
take a print of the Bar-coded form (Form ITR-V) generated by the Site
Send it to the Income Tax Department , CPC, Post Bag No - 1, Electronic City Post Office, Bangalore - 560100, Karnataka BY ORDINARY POST ONLY within thirty days after the date of transmitting the data electronically . ITR-V sent by Speedpost, Registered Post or Courier will not be accepted. No Form ITR-V shall be received in any other office of the Income-tax Department or in any other manner.

Please remember the last date of filing return for any individual having taxable income is 31st July. However, this is not applicable for those not having any taxable income.

Thanks brother.

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