Book Appointment with leading CIBIL Consultant      In case of any problem with your CIBIL Report or CIBIL Score, Contact on +919814915812 and talk to Ashok Goyal during 10 AM(IST) to 5 PM(IST) every day for booking Appointment.

Can I file IT Return even if my income is Nil?

Enter Your Email
Rate this post

How to fill a Self-Nill Return in e-filing IT-return Page? One of my friends had been filing IT return for the last 3-4 years. Now during this financial year, my friend earned “No Income”. Rather he incurred losses. Can my friend file IT Return for NIL income or is it mandatory for everybody to file IT Return even if there is no incoem.

Related Post

One Response to “Can I file IT Return even if my income is Nil?”

  1. JB GUPTA says:

    @Kashish_Sindhi, you have asked a good question indeed. Though filing income tax returns are mandatory for those whose total income is more than Rs.2,50,000. We recommend that you file your income tax return, even though it is not mandatory if total income is below Rs.2,50,000. Suppose you are just starting out and your total income falls below the taxable limit but would like to keep a record. There are several instances where income tax serves as a proof, say when you are applying for a visa. Sometimes a person is filing IT return consecutively for 3-4 years but incurs losses during subsequent years and his income is either NIL or Negative income. In such cases, it is always advisable to file IT return so that losses can be carried forward to save taxes. As such you can file your NIL IT return

Leave a Reply


Skip to toolbar