|
|
| *Ostroff, Fair and Company>>>India Taxes |
If I have a PAN card not working any where and income is very less. is it necessary to file the IT return.? |
If I have a PAN card not working any where and income is very less. is it necessary to file the IT return.? Having PAn does not make one to file the Return necessarily.If you do not have income more than Rs lacs computed without any deduction you are not supposed to file return as per the I T Act. Remember, PAN is not only essential other things like purchasing real estate, Shares transaction above a certain amount and others. Filing return is mandatory only if Income is above exemption limit. atleast after holding it for 1 yr without filing return. Then after it is necessary to fle IT returns no matter whether the income is less. you can file nil return I should think so. I think you need to send a declaration to the IT dept showing the income you are geting...and that you cannot be taxed. go to the local IT office and tell them that you have income which is less than taxable amount and they will tell you what to do. |
| Tags |
| United Kingdom Taxes Spain Taxes Singapore Taxes Mexico Taxes Ireland Taxes India Taxes Germany Taxes Canada Taxes Australia Taxes Small Business |
Finance Categories--Copyright/IP Policy--Contact Webmaster |