Do we need to file income tax return if the income is less than Rs 5 Lakh?

| Last updated: 05 December 2019

While presenting Budget 2019, the finance minister mentioned that people earning less than Rs 5 lakhs would have to pay no taxes as they would get tax rebate up to Rs 12,500. Many people thought since they have no taxes to pay hence they do not have to file their ITR. There are two problems with
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