Tag: ITR

Do I have to file an income tax return (ITR) if I have submitted Form 15G?
Passive Income

Do I have to file an income tax return (ITR) if I have submitted Form 15G?

— September 21, 2023 comments off
Question: I am a student and have no income except the interest which I get from bank FD. The money was given by my father. Can I give form 15G to avoid... Read more »
Income Tax Return filing: 5 benefits of filing ITR even if your income is not taxable
Passive Income

Income Tax Return filing: 5 benefits of filing ITR even if your income is not taxable

— July 13, 2021 comments off
Income-tax return is a key doc for the aim of processing functions for numerous functions.Filing of tax returns in India is necessary for people solely when their taxable income exceeds Rs 250,000.... Read more »
Tax Talk: Is it possible for tax deductors to verify if payee has filed ITR in last 2 years?
Passive Income

Tax Talk: Is it possible for tax deductors to verify if payee has filed ITR in last 2 years?

— May 24, 2021 comments off
If the required individual is topic to larger charges of TDS/TCS on account of non-furnishing of PAN, in addition to non-filing of ITR, the tax shall be deducted at larger of the... Read more »