CA Pratibha Sharma (ACA, ACS) (362 Points)
11 March 2016
shweta bhatter
(CA)
(173 Points)
Replied 11 March 2016
since you have started to file return from AY 2014-15, it is advisable to continue to file returns even though "nil".
You are just starting out and your total income falls below the taxable limit, but would like to keep a record. There are several instances where income tax serves as a proof, say when you are applying for visa or while getting your passport made.
You were filing your income tax returns for many years and fell into the ‘below taxable limit’ this year. This is to continue maintaining a record and also preventative measure in the event of a scrutiny from the Income Tax Department.
shweta bhatter
(CA)
(173 Points)
Replied 11 March 2016
since you have started to file return from AY 2014-15, it is advisable to continue to file returns even though "nil".
You are just starting out and your total income falls below the taxable limit, but would like to keep a record. There are several instances where income tax serves as a proof, say when you are applying for visa or while getting your passport made.
You were filing your income tax returns for many years and fell into the ‘below taxable limit’ this year. This is to continue maintaining a record and also preventative measure in the event of a scrutiny from the Income Tax Department.
CAclubindia
