Tax Department sends Non-filers notice to taxpayers who do not file their tax returns. Avoid notices from IT Department: It is always a good practice to file a tax return then receiving notice from the IT Department.To claim Refund of TDS: In case if any TDS is deducted on your interest income then the same can be claimed as refund by filing a Nil return.It is considered as a valid income proof by the financial institutions while applying for a loan and it is also helpful while applying for a foreign country visa.

Proof of Income: ITR serves as a proof of income of an individual for a particular financial year.Following are the benefits of filing Nil Tax Return: In case your income is less than the basic exemption limit, you can still file a Nil ITR. File your Income Tax Return (ITR) through an ERI like Quicko,įind the best plan Explore What are the benefits of filing a Nil Tax Return?.Prepare your return offline through Income Tax Utility and file return from your login on the e-filing website.Log in to your account on the Income-tax e-filing website, and prepare and file a return.One can file Nil return in following 3 ways:

Nil Return is filed in the same manner as a regular return. Note: Due to Covid-19 the due date to file ITR for FY 2019-20 (AY 2020-21) is extended to 31st December 2020 (in case tax audit is not applicable). However, no late filing fees will be charged. 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. Individuals can file a Nil Tax Return on or before 31st July of the Assessment Year. However, if a return is filed then it will be considered as Nil return. As per the Income Tax Act, ITR filing is not mandatory for individuals earning less than INR. Nil Income Tax Return is a return filed when income earned during the year is below the basic exemption limit(INRs.

Itr offline utility