Income Tax Return: Why Filing A Nil ITR Is Important Even If Your Income Is Below The Exemption Limit

Income Tax Return filing is beneficial even for those below the exemption limit as it serves as income proof for loans and ...

ITR 2026: Who must file tax return even if their income is below ₹4 lakh?

Many taxpayers mistakenly believe they only need to file an income tax return (ITR) if their income exceeds ₹4 lakh. However, ...

Spent over ₹2 lakh on foreign travel? You may have to file ITR even with no taxable income

According to Mrinal Mehta, Joint Secretary at the Bombay Chartered Accountants' Society (BCAS), the Income Tax Department tracks spending patterns and high-value transactions, making return filing ...