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Income Tax Return

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I am a businessman. I have just started my business this year. I earned an income of around Rs. 2,30,000. I have no other income. But I am registered under GST and has been regularly filing GST returns. My query is do I have to mandatorily file income tax return as I am a businessman ? My total income is lower than exemption limit of Rs. 2,50,000.
Replies (3)
Yes liable to file income tax return.
Why ?
When no TDS has been deducted and my income is lower than basic exemption limit.
It is recomandatory and not mandatory. You are not liable to file the return.


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