Can we stop filing itr (income tax return)

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

31 March 2016 Dear Sir,
I have been filing ITR - 1 for last three years. Can I break filing my income tax return now because I am not doing any job now and there is no source of income (there is no income).

kindly help me.

Thanks !

CA Mehta Ankur N.

CA Mehta Ankur N. (Expert)
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31 March 2016 Yes if your income is nil , you can stop, but then they will send you letter to file itr, so keep filling nil return.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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01 April 2016 Yes, if you don't have taxable income or your income is within taxable limit than no need to file tax return.

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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01 April 2016 Yes you can stop filing the Income Tax Return in the given scenario. But it is advisable to continue filing Nil Return showing whatever little Income you have.