even if it is mandatory or not, income is taxable or not, it is always better to file income tax returns. it will be filed as nil return. but filing returns regularly has other adantages also. sometimes before going abroad they may ask for last three years returns then u can always produce them if u have filed returns. it is a proof that u are an Indian resident, proof of your residential address, shows your honesty with the govt, it is a proof that u dont have any black money, proof of your savings( if u save from your non taxable income). PAN number & IT number are useful in many ways. in short it makes your status clear in many ways.
Answered by
Anonymous
at
9:57 PM on August 22, 2008