Anonymous
  • 1

Is it mandatory to file ITR?

  • 1
Is it mandatory to file ITR?
Share

2 Answers

  1. If you have taxable income in a financial year, you have to file Income Tax Returns compulsorily. If you don’t file Income Tax Returns on time, a penalty of up to Rs. 10,000 may be imposed.

    • 0
  2. Filing income tax returns is mandatory for those whose annual total income is more than Rs.2,50,000. It is always recommended that one must file their income tax return, even though it is not mandatory i.e, when total taxable income is upto Rs.2,50,000.

    • 0

Leave an answer

You must login to add an answer.