Every person has to furnish a return of his total income, if the total income exceeds, the maximum amount which is not chargeable to income-tax. Income Tax Filing Online 100% Online Process
Further, in respect of an individual, HUF, Association of Persons, Body of Individuals, Artificial Juridical Person, filing of return of income shall be compulsory if their total income exceeds the maximum amount which is not chargeable to income tax.
The citizens of India are required towards filing an Income Tax Return every year if they have a taxable income. The taxpayers, whose income is of more than Rs.2.5 Lakh, will receive a tax rebate.
It should be obligatory for a Company or firm to file a return of income in every case.
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