Query – I filed ITR but on the last page I got to know I am not liable to get any refund and the amount payable is 31,420. Why should I file ITR? Kindly answer it with quoting relevant section under income tax law in india.

Query – I filed ITR but on the last page I got to know I am not liable to get any refund and the amount payable is 31,420. Why should I file ITR? Kindly answer it with quoting relevant section under income tax law in india.

September 29, 2024Posted inChallan 280, Direct Tax, Form 26AS, Global Tax Updates, Income Tax Act 1961
Ans - Filing your Income Tax Return (ITR) is mandatory or advisable even if you are not eligible for a refund and have a tax payable of ₹31,420, as it…