Income tax return

If a person is earning income by way of salary, business, interest or capital gains, he/she must file IT returns. If you have sold/purchase a property, then you must file your IT returns.

IF YOU GET INCOME FROM ANY MANNER ABOVE 200000/- YOU ARE BOUND TO FILE YOUR INCOME TAX RETURN FOR AY 2013-14. THIS IS MANDATORY

Dear Ankit,

Agree with above answer. It's not compulsory to file return if your income below Rs. 2 Lacs.

However, It must be noted that, Business turnover is exceeds 1 crore during the F.Y. 2013-14 then he has file return and accounts mandatory to be Audited. 

Yes Ankit,agreed with above experts,Its not mandatory for every Pan card holder to file IT return unless he has any Taxable Income with him.......

Every personin whose total income exceeds Rs.2,00,000/- is liable to file the Income Tax Return i.e. it is not compulsory to file the return only if you are holding PAN.