Union Budget 2021

Don’t have taxable income? You still need to file income tax return in these cases

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“The general obligation to file an income-tax return by an individual arises if the gross total income (before claiming the specified deductions /exemptions) exceeds the basic exemption limit of Rs 2,50,000 during a particular financial year,”

Akhil Chandna
Associate Partner,
Grant Thornton Bharat LLP

This article appeared in Financial Express on 08th Jan, 2021.