Definition, Meaning & Synonyms
nil-return
noun
/nɪl rɪˈtɜrn/
Definition
A nil-return is a formal declaration that states no income has been earned or no output has been produced during a particular period.
Examples
- The freelancer submitted a nil-return for the quarter since no projects were completed.
- If you had no income last year, you should file a nil-return with the tax authorities.
- The company issued a nil-return to comply with regulatory requirements even though it had no revenue.
Meaning
It is commonly used in financial and taxation contexts to indicate that a person or entity has not earned taxable income in a given reporting period.
Synonyms
- zero return
- no income report
- no profit report
