A Nil Income Tax Return (ITR) refers to an income tax return where the taxpayer has no tax liability. This typically occurs when an individual's income does not exceed the basic exemption limit ...
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Nil ITR: Should you file a return if income is below taxable limit? Absolutely, say experts
If your annual income is below the basic exemption limit, you may assume that filing an Income Tax Return (ITR) is optional. Technically, you’re right. But strategically? “Absolutely, yes,” says ...
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