Is it mandatory to file ITR

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Accountant
29 Points Posted on 20 July 2023
Assesse was not present in India ( whole FY 22-23) now my query is that is it compulsory to file his ITR if he has only saving bank interest income

thanks and regards

Surendra
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On 20 July 2023 at 12:33 Report
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Quick Summary
Filing an Income Tax Return (ITR) is generally not compulsory if your total income, including savings bank interest, does not exceed the taxable limit. However, it becomes mandatory if your savings account deposits total £50,000 or more in one or more accounts, or if the interest income itself surpasses the taxable threshold.

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ACCOUNTS MANAGER
2213 Points Posted on 20 July 2023

it is not compulsory if your income is not crossing the taxable value .............. ............

1 Reply
On 20 July 2023 at 12:49
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194 Points Posted on 20 July 2023
Yes...if deposit 50L or more in one or more saving account..
1 Reply
On 20 July 2023 at 13:44
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Profession
28269 Points Posted on 20 July 2023
Irt is mandatory
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On 20 July 2023 at 22:59
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"Do the Right Thing...!!!"
128157 Points Posted on 21 July 2023
ITR required if The Interest income exceeds the Taxable value.

In case the value less than the limit then no need...
1 Reply
On 21 July 2023 at 05:38

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