Tag Archives: Return Filing

What is a Nil return? When should I file it?

myITreturn

When your taxable income is below the maximum amount not chargeable to tax  i.e Rs.2,50,000, your tax liability comes to zero and therefore you pay no taxes. Therefore, income tax return having tax liability as “Zero or nil” is called a nil return. Here, many a times people get confused… Read more »