In the realm of personal finance, the act of filing a Nil Income Tax Return (ITR) often goes undervalued. While it may seem unnecessary for those earning below the taxable limit, the benefits extend far beyond compliance. Filing a Nil ITR can unlock significant advantages, from easing travel visa approvals and securing scholarships to simplifying … Continue reading Advantages of Filing a Nil ITR
Tag: ITR Filing
ITR Filing Deadline Must Be Permanently Extended beyond 31 July
Here’s Why 45 Days Isn’t Enough for Salaried Individuals The current deadline to file income tax returns (ITR) for FY 2023-24 (AY 2024-25) is set for July 31, 2024. This timeframe, while applicable to taxpayers whose accounts do not require auditing – including salaried individuals and certain self-employed professionals – remains insufficient. Here, we delve … Continue reading ITR Filing Deadline Must Be Permanently Extended beyond 31 July