WebAug 3, 2024 · Even if your income is less than Rs. 2,50,000, filing a tax return is still advised. The tax division is consequently informed of your monthly or quarterly revenue. Taxpayers who have registered for GST are required to file nil returns under GSTR 1 even if the company has no business activity. WebFiling a nil return is no different from filing a regular tax form. Enter your income details and deductions. Once the income tax is calculated, it will show that you have no tax due. For those businesses that have zero activities, no sales, no purchases or expenses, you still need to file a blank return to the BIR.
How to file KRA returns on your income in Kenya 2024 update
Webprint. How To File an Amended Return. How to File Nil Returns on iTax. How to file (other sources of income apart from employment) How to File with Employment Income Only - … WebAug 3, 2024 · Your income, filing status, and age generally determine whether you must file a return. Generally, you must file a return if your gross income from worldwide sources is at least the amount shown for your filing status in the Filing Requirements table in Chapter 1 of Publication 54, Tax Guide for U.S. Citizens and Resident Aliens Abroad. how many front claws do cats have
How to File Nil Returns on iTax - KRA - Kenya Revenue …
WebMar 11, 2024 · A penalty of Rs.5000 is attracted on failure to file an income tax return if the return remains due on 31st July and is filed before 31st December and a penalty of Rs.10, … WebMar 11, 2024 · A penalty of Rs.5000 is attracted on failure to file an income tax return if the return remains due on 31st July and is filed before 31st December and a penalty of Rs.10, 000 is attracted if the income tax return is filed after 31st December. Where the annual income is not exceeding Rs.5 lakhs then the penalty for late filing income tax return ... WebIf, after any of those situations apply, the non-resident corporation has a loss or zero income, it must file a nil tax return. How to File a Nil Return. The best way to file a nil tax return in … how many frontier flights have crashed