Income Tax Return Filing Mandatory For These Individuals. Read Details

The I-T Department has recently removed several exemptions from the list of people who are mandatorily required to file their income tax returns.

The Income Tax (I-T) Department has recently removed several exemptions from the list of people who are mandatorily required to file their income tax returns.

The deadline to file ITR for the financial year 2021-22 (assessment year 2022-23) is July 31, 2022, and individuals should check whether they are required to file income tax returns.

Missing the deadline can lead to paying late charges or criminal action being taken on you by the I-T Department. 

If a resident individual's income is higher than the exemption limit set for the year, then the person is asked to file tax return.