Who Should File ITR

It’s important to note that even if your income is below the basic exemption limit, you may still choose to file ITR voluntarily. Filing ITR can be beneficial as it establishes a tax record, helps you claim refunds, and may be necessary for various financial transactions and government-related services.

Income tax laws and regulations can change, so it’s advisable to consult with a tax professional or refer to the latest tax guidelines issued by the Income Tax Department to determine your specific filing requirements for a particular financial year.