e-File Nil Income Tax Return

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Hiral Vakil

Due date
e-File ITR
Nil ITR

Nil Income Tax Return is a return filed when income earned during the year is below the basic exemption limit(INRs. 2,50,000). As per the Income Tax Act, ITR filing is not mandatory for individuals earning less than INR. 2,50,000. However, if a return is filed then it will be considered as Nil return.

Who should file Income Tax Return (ITR)?
This article explains the scenarios under which it is mandatory to file an income tax return in India
Read More
Who should file Income Tax Return (ITR)?
This article explains the scenarios under which it is mandatory to file an income tax return in India
Read More

Due Date file Nil Income Tax Return

Individuals can file a Nil Tax Return on or before 31st July of the Assessment Year. The Due date for Nil Income Tax Return is the same as a regular return. If Nil return is filed after the due date it will be considered as a belated return. However, no late filing fees will be charged.

ITR for Salaried Individuals
CA Assisted Income Tax Return filing for individuals having salary, one house property & income from other sources.
[Rated 4.8 stars by customers like you]
ITR for Salaried Individuals
CA Assisted Income Tax Return filing for individuals having salary, one house property & income from other sources.
[Rated 4.8 stars by customers like you]

Methods to File Nil Income Tax Return

Nil Return is filed in the same manner as a regular return. One can file Nil return in following 3 ways:

Ask an Expert (Income Tax)
Talk to an expert via call, whatsapp or messages. Ask questions about tax returns, applicability & compliance etc.
[Rated 4.8 stars by customers like you]
Ask an Expert (Income Tax)
Talk to an expert via call, whatsapp or messages. Ask questions about tax returns, applicability & compliance etc.
[Rated 4.8 stars by customers like you]

What are the benefits of filing a Nil Tax Return?

In case your income is less than the basic exemption limit, you can still file a Nil ITR. Following are the benefits of filing Nil Tax Return:

ITR for NIL Income
CA Assisted Income Tax Return filing for Individuals and HUFs having income less than the basic exemption limit (INR 2,50,000).
[Rated 4.8 stars by customers like you]
ITR for NIL Income
CA Assisted Income Tax Return filing for Individuals and HUFs having income less than the basic exemption limit (INR 2,50,000).
[Rated 4.8 stars by customers like you]

FAQs

Is it mandatory to file nil Income Tax Return (ITR)?

It is mandatory to file the income tax returns online for all the registered taxpayers whose taxable income. However, paper returns can be filed by those who are above 80 years of age and do not have any income from regular business or profession.

Is 234F applicable for nil return?

No, fees u/s 234F shall not be applicable in your case if your income is below exemption limit or nil and you are filing the belated income tax return.

Do I have to file a nil Income Tax Return (ITR) if my income is below INR 2.5 LPA?

It is recommended that an individual file NIL return, even if the taxable income is less than INR 2.5 Lakhs.

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