Are you Eligible to File ITR? Let’s Find Out
According to the new income tax slabs and rates, every person who is a citizen of India can file an income tax return irrespective of their age.
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So, all citizens are entitled to file an Income tax return according to their annual income
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An NRI can also file ITR if his annual income is more than ₹2.5 lakhs
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An NRI having Less than ₹2.5 lakhs yearly income is exempted from taxation liabilities
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All registered companies are liable for paying income tax returns irrespective of whether they have gained any profit or not
-
Foreign companies established inside India are liable for paying income tax returns
-
If a person owns any tangible or intangible assets outside the country, they are liable to pay taxes.
Are you Eligible to File ITR? Let’s Find Out
According to the new income tax slabs and rates, every person who is a citizen of India can file an income tax return irrespective of their age.
-
So, all citizens are entitled to file an Income tax return according to their annual income
-
An NRI can also file ITR if his annual income is more than ₹2.5 lakhs
-
An NRI having Less than ₹2.5 lakhs yearly income is exempted from taxation liabilities
-
All registered companies are liable for paying income tax returns irrespective of whether they have gained any profit or not
-
Foreign companies established inside India are liable for paying income tax returns
-
If a person owns any tangible or intangible assets outside the country, they are liable to pay taxes.