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 .
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|Asked: 12/15/18, 4:29 AM|
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