Monday, June 17, 2024

Should you file ITR if your income is less than Rs 7 lakh with nil income tax?

Income tax return: Taxpayers have to file ITR if their income level exceeds the basic exemption limit or they have conducted certain specified transactions. Experts say that most taxpayers have a misunderstanding that if tax is not payable then filing of ITR is not mandatory. However this is not the case always. Read here to know more about ITR filing.

from Tax-Wealth-Economic Times https://ift.tt/uxVBDQO

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