I.t returns

maxmoon (Querist) 14 April 2013 This query is : Resolved
Dear Sir,
when i was 22 yrs old my father expired.till then he used to file my I.T return.It has been 6 years he has passed away but i havent filed my income tax yet.
Is it ok if i directly start filing I.T from this year onwards
please advise.

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Devajyoti Barman (Expert) 14 April 2013
Yes, it is ok.

Anirudh (Expert) 14 April 2013
First and foremost you have to clarify whether you had any taxable income during the past 6 years.

Raj Kumar Makkad (Expert) 14 April 2013
If you have taxable income then being a major person, you are required to file your IT return compulsorily.

maxmoon (Querist) 14 April 2013
i did not have any taxable income in last 6 years...what is the non taxable limit for men?

Raj Kumar Makkad (Expert) 14 April 2013
Rs. 2 lakh is the limit at present.

H.M.Patnaik (Expert) 15 April 2013
If you possess a PAN number and your annual income during a financial year is above the threshold limit , it is mandatory for you to file the I.T. Return for the relevant year.

You can file your I.T. return for last two Assmt. years by 31.03.2014.

Adv k . mahesh (Expert) 15 April 2013
is you income exceeds the taxable income then you should file the returns

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