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  2. May 15, 2023 · Uncover who is obligated to file an Income Tax Return (ITR) in India. Explore criteria based on income, age, and sources of income. Whether you're an individual, NRI, business owner, or involved in high-value transactions, understanding ITR requirements is crucial.

  3. Jul 22, 2022 · An individual or HUF must file a tax return if their total income, before any deductions or exemptions, surpasses the statutory exemption threshold. Individuals must, however, report...

  4. Jul 25, 2024 · As per the Income Tax Act of India, individuals are required to file an ITR only if their annual income exceeds the basic exemption limit. However, there are certain conditions in which you might be required to file an ITR even if your income falls within the basic exemption limit.

  5. Oct 31, 2020 · The government requires people to file income tax returns (ITRs) to get information about their income and to check if tax on the income earned has been correctly paid. The last date for filing ITR for FY 2022-23 (AY 2023-24) is July 31, 2023, for individual taxpayers whose accounts are not required to be audited.

    • Preeti Motiani
  6. May 6, 2023 · Discover who is required to file an Income Tax Return (ITR) and the mandatory criteria. Learn about the advantages of filing ITR, the due date, and the importance of compliance for various financial activities.

  7. Jun 19, 2024 · You are required to file your ITR if the aggregate of all your income before deduction under various sections of chapter VIA like 80 C, 80 CCC, 80 CCD, 80 D, 80E, 80G, 80 GGA, 80 TTA/80TTB, etc....

  8. Jun 18, 2023 · The NRIs, who derive income in India from any sources of Income, must file a return of Income in India. For any query or consultation on any Income-Tax provisions, the Author may be contacted through email- at [email protected] or through WhatsApp at +91 9967745680