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 Question about tax return! Please Help!?
Ok our 2006 tax return was 1800 dollars we made 40,500 dollars for the year we have two children and we clain zero through the year and we also pay an extra 25 dollars each per week towards taxes. We ...


 Can you pls give me info on the date of the irs stimulus cks?
I was told we wld get our ck in our ckg acct-direct deposit by 5/16/08. Nothing yet. Any idea when we will get the ck?...


 Anyone still not recieved stimulus check from May 16th mailing date?
My hubbys last 2 are 07, the irs site says our check is scheduled to be mailed on 16 may 2008.
Today is Wednesday May 28th and still no check....????
I live in NY, anyone else not recieve ...


 First time with Taxes! Help!?
Do I have to file both state and federal? Under what conditions would someone only file state OR federal? Do you always file for both?

and if I owe to the federal, how do i pay them?...


 No! No! No! SOB crap!!!!?
I DONT KNOW HOW MUCH ONE REP FROM THE IRS KNOW FROM THE OTHER. BUT THIS IS WHAT ONE LADY JUST NOW TOLD ME!!!!!!!!!!!!!!!!! SHE SAID THERE IS A GLITCH (A FREAKIN GLITCH) WITH THE TURBO TAX THING. SHE S...


 If i earn £16000 ANNUM?
HOW MUCH WILL BE TAXED ALLTOGETHER

AND i have a student loan as well [and it says if u start earning more than 15000 they start taking it back with ur nationalinsurance payments]

...


 I purchased NSC last yr(2007-08)and used it 4 TAXEXEMPTION.can i use ACCRUEDINTEREST 4 geting exemption tis yr
...


 Anyone ever claim gambling losses on tax return?
I won 25,000 on lottery and paid 25% taxes. If I claim equal losses, will I get back what I paid in?...


 Are you entitled to sick pay as a casual worker in the uk?
...


 How do i get copies of past years W-2 Forms if i dont have the employers info?
Can i contact the IRS and get them? I haven't file taxes since my divorce in 2001. I haven't owed anything, but i know i have a refund for 2003, 2004, and 2005, and 2006. I have 2005's ...


 If i earn 500.00 a week how much tax do i have to pay each week?
...


 Haven't Recieved Federal Tax Refund??
I mailed my tax forms out on April 14th. And I already recieved my state refund about 2 weeks ago but not my federal. I checked on the IRS website under the "Where's my Refund?", and ...


 What are the advantages of doing your own taxes online?
Does it save you money?
Additional Details
Also what are some disadvantages?...


 Should I wait to file because of the economic stimulus plan?
Should I wait to file my 07 taxes because of the economic stimulus plan? Or is this going to be completely seperate from my income tax return? I also realize that this isn't a done deal yet, ...


 Can you get someone audited?
I have a coworker that does work on the side. (construction). He makes about $20,000 a year from just this and doesn't claim ANY of it on taxes. It makes me so mad because I also do work on ...


 What's the best State to live and work in ?
I live in NJ but the cost of living is very expensive, and I don't even want to talk about insurance, car insurance is ridiculous, when I pay almost 3.000 a year people down in GA are paying ...


 Do you think it is fair, to pay taxes on the overtime that you have worked?
...


 What to expect when you receive a certified large envelope from Irs to be picked up at post office.?
...


 Can I claim my grandson as a dependent if I have legal custody?
...


 Long term capital gains from shares. income tax liablility?
...



litu
A person his income is less than the taxable income but he has obtained a pan card .Is it compulsory to file?
Income tax return ?
                     
 




venkateswarlu s
Rating
not required


Maulik Bhatt
Hi,
Having a PAN number does not mean that he must file for a return. If his income is below the tax limit, he need not file the return at all. Yes, if he wants to file a return, he can file a NIL return. But it is his wish; there is no compulsion for this.


earthwaterfireairsky
I have heard that in a few years it will be mandatory for a PAN card holder to file his return. But at present it is not compulsary.
Moreover, it is often beneficial to file your IT return, even if tax is NIL. One benefit is that you can take different kind of loans on your ITR profile.


Raj Sud
Rating
It is not mandatory to file income tax returns, if you donot have a taxable income. However, it is advisable to file income tax returns every year irrespective of whether you have a tax liability or not. This helps you bring your income to records and helps in many ways. Now a days for most of the financial transaction, everybody asks for last 3 years IT returns. If you have filed the same, you can establish your credit worthiness.

Now filing income tax returns is very easy and you can do so online. I even suggest you to file income tax returns for last 2-3 years if you have not done so (there is no penalty for doing so, if you didn't had a tax liability)

For preparing and filing income tax returns absolutely Free of cost, you can visit http://eLagaan.com


Josh_Machine
Rating
Not necessary.


Jss
Rating
You must file your India tax return if your income exceeds the amount not subject to tax. For the FY 2007-08, this amount is Rs. 1,10,000 for individual and Rs. 1,45,000 for women. This about is before taking into consideration your deductions under 80C, 80CCC...

Even if you have PAN, you do not file tax return, unless your income exceeds this amount.
Read http://mytaxes.in/index.php?topic=32.0.


HMT
Rating
U/s 139 if your total income in respect of which you are assessable under this Act during the previous year exceeded the maximum amount which is not chargeable to income-tax then you should furnish a return of your income during the previous year, in the prescribed form on or before the due date

In short you need not file ITR.


Munendra G
actuly pan is not matter for filing the return its matter for international identification for everybody


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