Don’t Have Taxable Income? Here’s Why You Should Still File a “Nil ITR” Think filing an Income Tax Return (ITR) is only for those who owe taxes? Think again! Even if your income falls below the taxable limit, filing a “Nil ITR” is a smart financial move with big long-term benefits, according to experts. A … Read more
A parliamentary panel has recommended over 500 changes to India’s draft Income Tax Bill, 2025, aiming to simplify and modernize the country’s tax system. A key suggestion offers a significant break for taxpayers: allowing them to claim TDS (Tax Deducted at Source) refunds even after missing the Income Tax Return (ITR) deadline, without facing penalties. … Read more
The government is set to simplify the process of claiming TDS (Tax Deducted at Source) refunds, potentially saving many from the hassle of filing a full income tax return (ITR). A Simpler Way to Get Your Refund Currently, even if your income is below the taxable limit, you generally have to file an ITR to … Read more