I don’t have any source of income , how do I file income tax returns?

Question

I am a student. I have fno turn over of around 1cr for 20-21 year. My loss in fno is 15k and gains in intraday equity is 4k .

Should I file income tax returns? If so how? Some body please explain

 

Thank you

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yashwanth 5 years 1 Answer 2206 views -1

Answer ( 1 )

  1. TaxIQ
    1
    Reply

    If Your taxable income is below the taxable limit you need not file the IT return. You will lose the benefit of carrying forward of losses. Also if the turnover exceeds 2 Cr then you need to file an Audit report. Filing of return is health practise and starting early is also good.

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