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Saturday, Feb 1, 2025

Budget 2025: Will you have to file ITR even if tax liability is zero?

Union finance minister Nirmala Sitharaman announced that no income tax will be payable on income up to 12 lakh.
During AY 2022-23, over 2.69 lakh entities, including individuals, companies, firms and trusts, have shown total income of above  ₹1 crore.
During AY 2022-23, over 2.69 lakh entities, including individuals, companies, firms and trusts, have shown total income of above ₹1 crore.

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