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Dont want to file return

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(Querist)
30 August 2014 If i don't want to file return in future after filing of 1 year return, what is your opinion on this.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
30 August 2014 1. There is no problem in not filing the return if it is not mandatory.
2. However if you have income other than salary then you will need income tax returns if you wish to apply for a loan. Usually banks ask for past 3 years returns.
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Rupesh Jain

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Rupesh Jain (Expert)
30 August 2014 if you have not TAXABLE INCOME THEN NO REQIRED TO FILE THE RETURN .
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