26 November 2011
if we dont file return for three yrs being i.tax assessee but our return is nil thn it wil be ok or any penalty wil be imposed? if our return is nil?
26 November 2011
If you are an individual assessee then there is no compulsion on you to file your income tax return if you are not having income above the minimum exemption limit.
But if you are a Partnership or a company, then you have to compulsarily file your return every year.
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