Hosted on MSN

Nil ITR: Should you file a return if income is below taxable limit? Absolutely, say experts

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 ...
Hosted on MSN

Consider filing a 'nil' Income Tax Return - Sometimes it's mandatory, and other times it can benefit you

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 ...