Who needs to file an ITR Individuals and entities that are liable to pay income tax in India are required to file an Income Tax Return. Let’s define Who needs to file an ITR Filing Income Tax Returns is necessary because it’s a legal requirement and it helps to declare income accurately, calculates tax liability,… Read More »
Income Tax filing Income Tax Filing, Income Tax Return (ITR) filing is mandatory under certain circumstances in India. The requirement to file an ITR depends on various factors, including the individual’s income level, residential status, and specific conditions outlined in the Income Tax Act, 1961. Here are some situations where ITR filing is mandatory:… Read More »
When should we file ITR (Income Tax Returns) Income Tax Returns (ITR) should be filed by individuals and businesses within the specified due dates set by the tax authorities. The due date for filing Income Tax Returns varies depending on the type of taxpayer and their source of income. Here are some general guidelines: To… Read More »