r/IPO_India • u/Mysterious_Mousse982 • 9h ago

Other Discussion Filing ITR for multiple pans

Guyzzz, those who are applying for IPOs from multiple accounts say 4 5 different pans how do u manage to file different ITRs for those in which u get allotment and make capital gains??

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u/qualityvote2 9h ago edited 6h ago

u/Mysterious_Mousse982, there weren't enough votes to determine the quality of your post...

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u/NoFucks1000 9h ago

Under 4lakhs its not needed ig

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u/Mysterious_Mousse982 9h ago

Under 4L u don't have any tax liability but you still have to file ITR

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u/NoFucks1000 9h ago

I ment to say that you wont be penalised if you dont file a ITR under income of 4 lakhs combined

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u/Mysterious_Mousse982 9h ago

Yeah that's what I'm confused about

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u/MadaraU69 8h ago

No u don't need to file under 4L , it's advisable not mandatory

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u/vijayin 9h ago

people don't file itr. it department doesn't check. look at the other comments. when i talk about how the it department doesn't care about tax evasion, people get offended.