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What happens if you don't file your Income Tax Returns (ITR)?
In India, individuals or businesses earning money or profiting from various sources are required to pay taxes to the government. The tax system is based on a slab structure, which underlines... moreWhat happens if you don't file your Income Tax Returns (ITR)?
In India, individuals or businesses earning money or profiting from various sources are required to pay taxes to the government. The tax system is based on a slab structure, which underlines the basic exemptions and taxation limits for various income groups. As per the Income Tax Act, sources of income are categorised under five heads, detailed in Section 14 of the Income Tax Act.
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