As the income tax return (ITR) deadline for FY 2024-25 (Assessment Year 2025-26) approaches, many taxpayers are asking whether ITR submission is necessary if their annual income is less than ₹2.5 lakh ...
If your annual income is less than the basic exemption limit of income tax, then usually you would think that filing ITR is not necessary. But this is not always the case. The Income Tax Department is ...