RAJ KUMAR (FINANCE MANAGER) (1393 Points)
09 March 2010hello friends, i have only agricultural income of rs. 300000
i want to file the return even it if exempt
but when i fill the return
in the acknowledgement form it shows gross total income 0
because agricultural income is exempt income and return is not acceptable by the deptt
i have no other income.
pls help me.
Max Payne
(employed)
(2569 Points)
Replied 09 March 2010
Hi Sir,
If u are having only exempt incomes, the return will show gross total income as zero only...
U can file NIL RETURN with department.. It has to be accepted by them.
File the acknowledgement as it is generated.. Keep copy of the excel with u....
Also note that u are not required to file ur return under sec 139 of the Income Tax Act... U r doing a voluntary exercise.... cos u can always maintain source to show dept, if required one day...
C.Balaji
(Learner)
(1867 Points)
Replied 09 March 2010
Dear Sir.....
Agree with Ordinarily resident Evil..........
Agricultural Income is exempt from tax u/s 10(1)...........
Since u have only Agri. income - Gross total income will be zero only...
You can always file NIL RETURN with department...........
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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