31/03/2024
Mostly the salaried individuals believe that they are not required to file ITR as tax has already been deducted by the employer or no tax has been deducted by the employer which leads to the assumption that there is no requirement of filing ITR. This assumption of a salaried individual is wrong.
In this video CA KK Gupta breaks this myth and explains how every salaried individual must file IT return and avail of any refunds that are due to them. He further explains that the current income tax laws make ITR filing mandatory if the gross total income in a financial year exceeds the basic exemption limit.
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Mostly the salaried individuals believe that they are not required to file ITR as tax has already been deducted by the employer or no tax has been deducted b...