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RuleMate India

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SHORT ANSWER: Yes, an individual can file Income Tax Return (ITR) even if they have no income. DETAILS: - Individuals with no income may file ITR to carry forward losses or to claim refunds. - Filing ITR is mandatory for certain individuals, such as those holding a foreign asset or having a bank deposit above a specified limit. PUNISHMENT / IMPLICATIONS (if applicable): - Failure to file ITR when required may result in penalties. SOURCE: - Income Tax Act, 1961
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Disclaimer: This website provides general information on Indian government rules and laws for educational purposes only. It is not legal advice. Laws and rules may change. Always verify with official government notifications or consult a qualified professional.