Filing income tax returns can be a complicated and tedious process, but it is something that everyone who makes money has to do. There are three steps involved in the process. First, the taxpayer must enter details of income and tax obligations on the ITR form. Second, they must electronically …
Read More »ITR 2020: You have not yet filed your income tax return? Here are the consequences you can face
There are certain categories of individual taxpayers for whom the provision of ITR is mandatory, regardless of whether their income exceeds the exemption limit. By Chirag Nangia Individual taxpayers are required to submit tax returns, before the due date, if their total gross income for the year, calculated in accordance …
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