Is it compulsory to file income tax return. If we have pan card?

Question

Is it compulsory to file income tax return. If we have pan card?

Answer 1

yes it compulsory filing the IT if ur holder of pan card.its not even so compulsory for male who have there annual taxable income less than 100,000   and for the females less than 130,000.but those who have there income more than this must file there income tax

Answer 2

yes

Answer 3

Yes it is compulsory  from the moment you are issued a PAN card

If you dont fall into the income tax  alab then you would have to file the tax returns form stating taxable income as nil.

Answer 4

Yes, it is very important to file your IT returns.. Once you have PAN card, it is always advisable to file returns every year.. It will be also useful when you are travelling abroad.

Answer 5

It is only compulsory to file an income tax return if you have earned income (while working in the US) in excess of the allowable personal deduction for that year or if you over paid your taxes(the only way to get your money back), then you must file an income tax return.

Answer 6

not necessary only if your income reaches the target of tax slab

Answer 7

Whether you have PAN card / PAN number or not, in you self assessment, if you have taxable income in a financial year, you are duty bound to file Income tax return for the corresponding financial year by due date applicable to you. If you don't have any taxable income in any financial year, even if you have a PAN number/card, you "may" (note the quote's meaning - optional) not file the income tax return for the corresponding year. But remember, if you get notice from the Income tax office to file the return, you are duty bound to file it irrespective of your income and your Pan number / card.

Answer 8

it is compulsory coz when you open an account or invest anywhere you mention your PAN Card no.

they would trace you there.

advice is file your returns truly and be happy always

:)

Answer 9

hi shetty.here is a clen chit of information for you in case of PAN card and the tax to be paid on it.how to pay .when to pay.i will give you a clear idea go thro it   kkkk........................