Who should NOT file income tax return in India?
I know farmers are exempt from paying income tax but they voluntarily may file Income Tax Return if they want to. If they hadn't then trillions wouldn't have been laundered.
Now I know seniors whose income in a financial year is less than INR 250000, there ITR is not accepted. I know this as an uncle of mine went whose only income is bank interest and the amount was pretty less than that and his ITR was not accepted.
Are there any individuals whose income is less than INR 250000 who don't have to file Income Tax Return. I stated INR 250000 as that is from where the Income Tax slab starts.
I am looking at small businesses like hair-dressers, bhel vendors etc. It would be nice if somebody can share a link, preferably from Income Tax Dept. which states if there are any individuals who do not have to file income tax return (apart from seniors).
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Anyone who has taxable income or is expecting refund, needs to file an ITR. Others may choose to file or not to file.
Now I know seniors whose income in a financial year is less than INR 250000, there ITR is not accepted
This is incorrect. One can choose to file NIL returns [even with zero amount] or whatever amount in the return even if there is no tax due.
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