Many taxpayers believe that filing an Income Tax Return (ITR) is unnecessary if their income falls below the taxable limit. However, financial experts say that even individuals with zero tax liability ...

If your income is low and your taxes come to zero, you might think filing an ITR is not needed. But skipping it could mean missing out on some useful benefits that go beyond just paying tax.

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Not filing an ITR leads to missing out on refunds where TDS was already deducted on FDs, salary, or freelance income.