Is it mandatory for a PAN holder to file Annual Return to DoIT?



Annual inome of myself and my wife is below One Lakh. If we obtain PAN, is it mandatory for us to file Income Tax Returns ? Pl let me know.

Is it mandatory for a PAN holder to file Annual Return to DoIT?
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7 Replies to “Is it mandatory for a PAN holder to file Annual Return to DoIT?”

  1. No its not necessary. Moreover even a born baby can hold PAN.
    When your income exceeds the limit, then you have to pay tax. No need to worry.


  2. The Whole purpose of having a PAN is that only. Through this Govt. will be able to check the income tax payments. And to some extent many companies cannot escape deduction of employee IT payments.

    If you are deciding that you Income to not to go beyond the taxable amount for the rest of your life you can simply ignore this as no one will bother about it. This will adds up some fee amount to your expenditure from your pockets too. Still it is not officially recommended.

    But in future if there were chances of having a good amount of income then it will be good to do this.





  3. If according to tax rules your income falls below the taxable income category then it is not mandatory to file returns. Owning a PAN card does not necessarily mean that you have to file your IT returns as a minor can also apply for a PAN card with no income.






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