Do I Need to File an Income Tax Return If I Earned ₹6 Lakhs and Spent 5 Lakhs?
-
By Nagaraju
- In ITR file
Filing an Income Tax Return (ITR) is a crucial responsibility for individuals earning a certain income threshold. If you’ve earned ₹6 Lakhs, and spent ₹5 Lakhs, you might be wondering if you need to file an ITR and what happens if you don’t. Here’s a detailed look at the requirements and implications. Income Tax Filing […]
Read More
I earned ₹1 Crore and spent ₹99.99 lakhs. Should I file IT Returns in India?
-
- In ITR file
Understanding Income Tax Filing Obligations Earning ₹1Crore Rupees in a financial year is a significant achievement. However, it brings with it the responsibility of filing your Income Tax Return (ITR). If you’ve spent ₹99.99 Lakhs of that income, you might be wondering whether you still need to file an ITR, how to go about it, […]
Read More