Filing ITR or not has never been a choice – it’s a legal obligation and must be fulfilled by everyone who falls under the prescribed category as defined by Income Tax Act.
My Salary is below taxable- Why should we file it ??
Apart from legal obligation, filing tax returns is helpful in the following situations:
Proof of income/ net worth certificate
Apply for a higher insurance cover
File 4 return from a family and pay for 3.
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