13 February 2009
The salary income(only source) of my friend was never taxable and up to F.Y.2005-06 he has regularly filed the IT (nil)Return.But since last 3 years he is not filing the return.
I have heard that a person having PAN need not required to file Return untill his income exceed the exempted limit.
What will happen in this case because he had earlier filed the Returns?
CAclubindia
