Filing income tax returns in India offers several benefits, both for individuals and the government. Here are some of the key advantages of filing income tax returns in India:1. Legal Compliance: Filing income tax returns is a legal obligation in India if your income exceeds the specified threshold.
Written by Gagandeep Arora As many as 14,65,641 ITRs were filed till May 28 for AY 2023-24, according to data on the Income Tax e-filing website. Of these, over 12 lakh ITRs have been verified and the tax department has processed 3834 returns. Till the end of April 2023, there were more than 11 cr
Though many people not only ask this question and worry about its answers, according to AARP 60 per cent of the population dies without a will (intestate). No matter whether you are a young adult or a retiree, taking the risk of dying without a will is not a good plan. Understandably, no matter what