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Income Tax Resident Individual Resident

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Why Income Tax return need to file?

Income Tax return filling is legal requirement in India as per Income tax Act 1961 The following taxpayers are required to file a mandatory income tax return are listed below:

  • Any private, public, foreign, domestic company.

  • Any Limited Liability Partnership (LLP) and unlimited liability partnership.

  • Any total individual income is exceeding the exemption limit.