I.T. Return

This query is : Resolved

Dhanraj (Querist)
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20 July 2009 Dear experts

Prior to joining articleship, I was showing salary in my return which I was getting from the factory of a relative.

Now I'm confused what should I show in my return as my training is going on.

Can I show stipend? Whether stipend is exempt?
OR
Can I show a fee from consultany given on sundays only??
OR
Can return having NIL income be filed?

Please guide in this regard

Thanks

jasmine

jasmine (Expert)
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20 July 2009 You need to show Stipend income only.
And incase the stipend income is below the taxable income, then in this case you can file the NIL return.
I reckon that the NIL return be filed.