Hi Pankaj, I was working in India till 13th April 2011. Since then I have been working in overseas. I have got form 16 from my previous employer where it is mentioned that tax on total income is “0?. Should I file return for 0 tax paid? Please advise.
1 Answers
If you have stayed in India less than 60 days in FY 2011-12, you would have a non-resident status and hence global income would not be taxable in India. In that case, if your Indian income does not cross non-taxable range (1.8 lakh in case of a male below 60 years), he does not need to file income tax returns.
Still if you want, you can file income tax return for accounting purpose. It may be needed once you apply for some loans in India, they may ask you last 3-5 years ITR.
Related