Should I file returns?

Question

I am holding PAN number. Income below taxable slab. Have I to file returns?

Answer 1

No, if your income is below the exemption amount, you do not need to file tax return.

Forum on India Taxes http://www.mytaxes.in

Answer 2

If your annual income (after deductions) is above 1,10,000 for FY 2006-2007; 1,50,000 for FY 2007-2008 you have to file your returns.

But to avoid future delegations, It is advisable to submit your NIL return, showing your nett income.

Answer 3

No need to file returns.

for any PAN card issues mail: [e-mail] or call: [phone]

Answer 4

IF YOUR NET TAXABLE INCOME IS BELOW THE EXEMPTION LIMIT I.E. 1,10,000 FOR F.Y. 2007-08 & A.Y. 2008-09 YOU ARE NOT LIABLE TO FILE INCOME TAX RETURN. BUT ALSO IT IS ADVISABLE TO FILE NIL RETURN