 What is best to do with my unpaid tax bill of forty thousand pounds? |
| i left the uk about three years ago leaving unpaid taxes, i would now like to return to work in the uk. Should i try and sort this out before returning or on returning to the uk and where would i ... |
|
 How can I stop Midland Credit from garnishing my paycheck? |
they have already gotten over a thousnd dollars from me in garnishments I want to stop them from doing this because this an account that i believe is over seven years old
Additional Details<... |
|
 Is this turbo tax online really free?? |
here is the link......it is the first one on the left...is it really free??
http://turbotax.intuit.c... |
|
 Can my boyfriend claim my son on his taxes? |
| I have been filing 'head of household' for the past 3 yrs., now if i let him do this- for the sake of us getting more money from the IRS(he makes more than me) Does this mean I don't ... |
|
 My ex boyfriend and the father of my three children claimed my kids on his tax return illegally, help!? |
| I live in South Dakota, and have three children. Their father and I never did get married, but he signed affidavits in the hospital. He has since moved out last May, and I filed for child support ... |
|
 Has anyone received an update on taxes? |
| my refund was delayed on 1/25, then change to 2/19, then was suppose to be deposit 2/8, then received an code 1221 and now change to 1121. Does anyone else have this code 1121 and what does it mean? L... |
|
 If you owe the IRS 20k will they investigate if you pay them in cash? |
| If you have not payed taxes in 5 years and owe 20k to the IRS and you walked with 20k in cash. Will they accept the payment with no questions ask or will they investigate where the money came from. I... |
|
 I heard somewhere that child care expenses can be claimed when I file my taxes? |
What are the limits to this? How much can be claimed and deducted? Any further info and insights into this?
Additional Details
Just so you all know, yes I already do claim the child ... |
|
 U.S. Tax "rebate"? |
| I heard that we are supposed to be getting between 600 and 1200 dollar tax credit sometime this year. Also heard if you have a child/children it could be more? Would someone please enlighten me on ... |
|
 Do i get a check? |
| do i get a rebate check? i made under 30000 i claimed my girl friend and our kid so do i get 1500 or just 900?... |
|
 WHERE'S my DOGGONE rebate BUSHY promised me i'll get today?if i do not get it i will have to call the whitehou |
| i'm an injured spouse i don't work,i have 4 little ones that needs to eat ,i need bus fare to go to the bingo hall to gamble,my dog also needs some dog food and i want to get my hair,nails ... |
|
 Hello,i was recently recieving child tax credits,then they just stopped,i looked into it and found out it..? |
| ..that it was because i didnt return my tax return form,but i didnt even recieve my tax return form,i live in a block of flats and think it may of got delivered to the wrong address.i made a fresh ... |
|
|  |
ksriniongc | If I take PAN card is it necessary to file IT returns every year even if I do not have Taxable income? |
|
 |
 
sonali_n
 |
Section 139 of the Income-tax Act, 1961 gives the requirements for filing returns which are as follows:
1. Companies and partnership firms -All irrespective of income
2. Any other person(including individuals) only if he/she has total income above the minimum that is taxable.
From financial year 2005-2006 onwards your total income is the amount before you take deductions under chapter VIA of the Income-tax Act. eg your income is 1,50,000 and you deposited 60,000 in PPF, then though your taxable income is 90,000 which is below the taxable limit of 1,00,000, you still have to file return because your income before taking deduction under chapter VIA is above 1,00,000.
Coming back to your question, if you take a PAN card, it is not necessary to file IT returns if you are not required to as per section 139 which I have mentioned above.
Just take care that your income before deductions should be below the minimum taxable limit. |
|
swordfish
|
dear srini,
if u have a PAN card, the govt have proof that you are earning. even if your salary is not taxable, you need to file the returns every year. someone in the answer list has said that you dnt need to. dnt believe that. filing a income tax return and paying income tax is two different things. file your returns regularly and you can enjoy peace of mind. and mind you, filing returns are much more simpler these days. |
|
sandy
|
you need to show that,documents |
|
maravind_80
 |
If u applied & got the Pan Card then it is compulsory to file a return eventhough u not having a taxable income.
It is advised to that is if u not having the taxable income then no need to apply for PAN.
If u r doing business then u apply for pan & early submit the return as NIL Income |
|
vrvaperanki
 |
With PAN CARD ur task becomes easy. U get an identity and ur IT returns details are easily available. Except otherwise there is no change in the process. |
|
vani3624
|
The criteria is not whether you have taxable income or not. The criteria for filing returns is defined by the Govt as to who are the people who have to file returns:
1) Persons having an immovable property (house, building etc,.)
2) Persons have a telephone connection in their name
There are some more conditions.
So, if you meet any of those conditions then you have to file a return, whether you have taxable income or not. |
|
S. K. R.
|
No, it is not necessary at all to file an I.T. return just for having a PAN card if you do not have a taxable income. Go to bank and ask them that you want to deposit Rs.50,000/- (or more) in your account (even savings A/c), their next demand would be your PAN number, ask your bank to open a PPF A/c and you will be asked for your PAN number, want to open a DEMAT A/c? And again it is required even if your income is not taxable. I hope this obviously explains my opinion. |
|
BABU K
 |
If you do not have the taxable income, then there is no need to file. Even if you want to file your non taxable income the officials just neglect it. So don't take unnecessary strain.The reason is the IT Dept. has a link with all the Banks and so your income and financial transactions are being monitored to check your income. So there is no necessity to file the IT. |
|
santra
 |
You need to file nil tax return. But its compulsary to file return. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 25 minutes(s) ago
| | | |
9 | 41 minutes(s) ago
| | | |
9 | 48 minutes(s) ago
| | | |
9 | 1 hour(s) ago
| | | |
9 | 2 hour(s) ago
| | | |
9 | 7 hour(s) ago
| | | |
9 | 9 hour(s) ago
| | | |
9 | 10 hour(s) ago
| | | |
9 | 1 day(s) ago
| | | |
9 | 4 day(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
