No,In case of individual and Hindu Undivided Family ( HUF ) there is no mandate to file your Income Tax Return ( ITR ) in India , unless your Income is more than Basic Exempt Limit (I.e. Rs ,2,50,000/-), But Return can be filed voluntarily. Return filing is mandatory if Income is more than above specified limit.In case of other persons, Income Tax Return is mandatory filing every year . It is advisable to consult a practicing Chartered Accountant in India .
About This Community
|Asked: 12/15/18, 4:29 AM|
|Seen: 143 times|
|Last updated: 12/15/18, 8:43 AM|