Thursday, June 20, 2024

Who needs to file income tax return (ITR) in India for FY 2023-24

Who is required to file ITR mandatorily: The Income-tax Act, 1961 defines the situations where income tax return filing is mandatory for individuals. Under the income tax laws, ITR filing is mandatory if total taxable income exceeds the basic exemption limit. There are other provisions in the income tax laws which make ITR filing mandatory.

from Tax-Wealth-Economic Times https://ift.tt/njV0lsG

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