A Nil Income Tax Return (ITR) refers to an income tax return where the taxpayer has no tax liability. This typically occurs when an individual's income does not exceed the basic exemption limit ...

If your annual income is below the basic exemption limit, you may assume that filing an Income Tax Return (ITR) is optional. Technically, you’re right. But strategically? “Absolutely, yes,” says ...

Many taxpayers believe that if their income is below the taxable limit or if their employer has already deducted the applicable TDS from their salary, they do not need to file an Income Tax Return ...