benefits of NIL Return
This query is : Resolved
bhola muraw
(Querist)
20 October 2009
Sir
Please tell me the Benefits of Filing Return even the total income is below the basic exemption limit???
Please tell me the Benefits of Filing Return even the total income is below the basic exemption limit???
CA SANJAY MUKHERJEE
(Expert)
20 October 2009
Useful if you have an intention to obtain a loan, beacause in most of the cases Banks & other financial institutions generally ask for I.Tax Returns for last 3 yrs. But in case of a salaried person , pay slip can substitute I.Tax return.
There may be other benefit also e.g. for getting Visa etc.
There may be other benefit also e.g. for getting Visa etc.
chetan soni
(Expert)
20 October 2009
agreed with sanjay.
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