Day 2: Who Should File ITR? 

Many people assume that ITR filing is only for high-income individuals, but that’s not true. Anyone whose income exceeds the basic exemption limit must file an ITR.

Apart from this, individuals who want to claim tax refunds, carry forward losses, or apply for loans should also file returns. Businesses and professionals are mandatorily required to file ITR regardless of income.

Filing your ITR regularly builds financial credibility and keeps your records clean.

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