First return filing

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Guest

Guest (Querist)

01 February 2012 I want to file my first income tax return this march,, i am totally ignorant in tax matters as i am posted in audit team of my firm,, i want to know how to file a nil return as i just have stipend income.
please help me to file my nil return for assessment year 2011-12 & 2012-13.

Prof. Bajaj

Prof. Bajaj (Expert)
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01 February 2012 If you do not have taxable income, then it is not mandatory for you to file return.

But still it is better that you file a nil return. You can file your ITR online.

For AY 2012-13, you can file an ITR till 31st July 2012.

Guest

Guest (Querist)

02 February 2012 which itr form?
and do you have any file as in steps to follow to file return

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Prof. Bajaj

Prof. Bajaj (Expert)
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02 February 2012 You can use ITR-1 for AY 2011-12. For AY 2012-13, we need to wait for notifications from I.T. Deptt.

For more info, you may contact at saurabh@nidhiinvestments.com

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