What is Income Tax Return Filing?

Benefits of Filing Income Tax Return on Time

Benefits of Filing Income Tax Return on Time

Income tax returns (ITR) are only necessary for India if an individual’s taxable revenues exceed the Rs 2.5 Lakhs exemption threshold for the fiscal year. NIL tax returns are not required for individuals whose gross income falls below this threshold. However, it’s still a good idea to file a tax return even if your tax … Read more

Income Tax Return Filing for Deceased person in India

Income tax return filing for deceased person in India

One of the most interesting things that amazes people is Income Tax Return Filing for deceased persons in India. It’s true that a deceased person can be taxed in India. Thus, Death and Taxes are inevitable. Legal Heir or any other representative needs to do Income Tax Return Filing on the behalf of taxable income … Read more