Assesses required to file income tax return

Every individual whose income before allowing deductions and exemptions exceeds the basic exemption limit are required to file income tax return/return of income. However, filing tax returns is required even if full income tax has been deducted at source or there is no liability to pay further tax and have no other income. Moreover, filing tax return/return of income is always advisable as well as maintaining of Income Tax file even when there is no compulsory requirement as it helps to access many financial benefits easily such as bank credits etc.