For the best experience use Mini app app on your smartphone
Will a person have to file ITR even if no income tax is payable?
short by Daisy Mowke / on 01 Feb 2025,Saturday
As per provisions under the Income Tax Act, the tax return filing obligation arises based on income level and not on actual tax liability payable, said Akhil Chandna, Partner, Grant Thornton Bharat. "Even where the tax liability is NIL...the taxpayer is required to file a tax return," Chandna added. "This enables the government to expand the taxpayer base," said Chandna.
short by Daisy Mowke / 08:20 pm on 01 Feb
For the best experience use inshorts app on your smartphone