Filing a zero income tax return (ITR) means you’re reporting to the government that you have had no taxable income in the previous financial year. If you have had no taxable income, there’s no tax liability, and you don’t need to pay any tax. In this case, filing a zero ITR can serve as a record of your financial status for the year, which can be helpful in certain situations.

For example, if you plan to apply for a loan in the future, the lender may ask for proof of your income and financial history. Filing a zero ITR can serve as evidence that you did not have any taxable income and help support your loan application.

In conclusion, filing a zero ITR may not directly benefit you in terms of tax savings, but it can be beneficial in some cases as a record of your financial status and history.